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2021 housing market outlook: No signs of slowing

Housing Wire

Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full three weeks faster than a year ago. million homes sold – 21.8% 2020 has been a remarkably strong year for the housing market.

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Opinion: The end of seller speculation in US housing market

Housing Wire

Even though sellers’ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale. When put in context, this history makes sense.

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4 reasons you’re better off selling your house this spring [INFOGRAPHIC]

Cornerstone

Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. This is especially true among millennial homeowners (now ages 25 to 40) who have a golden opportunity to trade up in 2021, “with many having owned their first homes long enough to see substantial equity gains.”.

Sellers 66
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Home price growth slows but affordability pressures remain: Black Knight

Housing Wire

But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. The annual home price growth index, measured by Black Knight, grew 19.3% in April marking the largest single-month deceleration since 2006.

Inventory 393
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RISMedia’s April Digital Magazine

McKissock

Home Values Reach Record Highs, Driven By High Demand. “Two elements have created the perfect storm for increasingly high home prices: strong demand in the housing market and low mortgage interest rates. Free Guide : Learn how to increase your earning potential in real estate with this free Real Estate Income Guide.

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Safety Tips for Real Estate Agents

Eppraisal

There is a lot in the news about the real estate market and how home values are rising, inventory and interest rates are low, and the like. NAR states, "Crimes against real estate professionals have risen 300% since 2006, and 14% of Realtors have feared for their safety while working."

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New home sales fell again in February

Housing Wire

“Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. Regionally, new home sales increased month over month in the Northeast (59.3%) and the Midwest (6.3%), but fell in the South (-1.7%) and the West (-13.0%).