2021 Sets Home Price Records; 2022—Maybe Not So Much
Red Bell Real Estate LLC, Wayne, Pa., reported multiple housing market records for 2021, including average sales price, days on market, median estimated home price and number of closed sales. But analysts cautioned signs of slowing could put a damper on 2022 results.
Record 1/3 of Houses for Sale Are New Construction
The share of newly built single-family homes on the market is at a record high as builders try to keep up with surging homebuyer demand fueled by low mortgage rates, low inventory and remote work, said Redfin, Seattle.
Fitch: Some REITs Struggle with Coronavirus Effects
Fitch Ratings, New York, reported 17 percent of U.S. equity real estate investment trusts had negative outlooks in December, down significantly from a year ago.
MBA Chart of the Week: Mortgage Applications, Rates Since 2020
This week’s MBA Chart of the Week features Weekly Applications Survey data, re-indexed to January 2020, to highlight the most recent refinance and home purchase trends.
