Standard & Poor’s, New York, last week reported its S&P CoreLogic Case-Shiller Index showed home prices posted continued strong growth year over year and month over month.
Ongoing inventory shortages and rising home prices pushed pending home sales down for the third straight month, the National Association of Realtors reported last week.
We hope you had an enjoyable holiday break. Here is a summary of some reports that came out over the holidays:
ATTOM Data Solutions, Irvine, Calif., said median home prices of single-family homes and condos in the fourth quarter of 2020 were less affordable than historical averages in 55 percent of counties with enough data to analyze, up from 43 percent a year ago and 33 percent three years ago.
This week’s MBA Chart of the Week shows net migration by metropolitan status over the past five years. The green line shows that the net movement into nonmetropolitan areas has hovered around zero, growing by an average of 19,000 migrants (nationally). On the other hand, metropolitan areas absorbed more than 5.7 million migrants over this period.