Even as most of the U.S. housing market is hot, home values are down from last year in parts of Brooklyn, San Francisco and Portland, Oregon, among other places that have been hit hard by the pandemic and the shift to remote work. Home values dropped 20.5% in October from a year before to $136,000 […]
Pending home sales were up 54% in low-intensity coronavirus counties last month, outpacing the 45% growth in high-intensity coronavirus counties. There was a similar trend in new listings. Pending home sales rose 54.1% year over year in U.S. counties with low concentrations of Covid-19 cases during the four-week period ending Dec. 1, outpacing the 45.1% […]
Supply is down and competition is fierce in suburbs and rural areas. The housing market is also hot in walkable urban neighborhoods, with prices up 11%, as homebuyers display renewed interest in city life. The median home-sale price in car-dependent neighborhoods nationwide rose 14.9% year over year to $345,000 in October, the biggest increase and […]
Investors and first-time homebuyers will quickly buy up an impending wave of foreclosures from homeowners saddled with debt during the pandemic More than 3.3. million of U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends. While some of those homeowners who are overleveraged or unaware of their options will contribute […]
The desire for privacy during the pandemic is keeping a lid on condo prices, but condo sales are up 23%—on par with sales growth for single-family homes—as buyers take advantage of the discounts. The typical single-family home that sold in the U.S. this year was purchased for an average of 17.3% more ($58,000) than the […]