Redfin: Relief from Red-Hot Market May Be on Way

Redfin, Seattle, said asking prices leveled off as pending sales–which were rising at this time in 2019–posted a 3% monthly decline. Homes still sold for record prices, at record speeds.

MBA Chart of the Week: Home Equity and Home Prices

Homeowners’ equity in housing was at a record high of $20.4 trillion in the third quarter. The steady upward trend since 2012 was spurred by accelerating home-price growth and low mortgage rates, which have helped many households build equity in their homes.

MBA Chart of the Week: Home Equity and Home Prices

Homeowners’ equity in housing was at a record high of $20.4 trillion in the third quarter. The steady upward trend since 2012 was spurred by accelerating home-price growth and low mortgage rates, which have helped many households build equity in their homes.

Why the ‘Big Short’ in Housing Supply Will Remain in 2021

Economics is all about supply and demand. In the housing market right now, there’s plenty of demand—but not a lot of supply. And, according to First American Financial Corp., that’s not likely to change any time soon.

77% of Metros Post Double-Digit Home Price Gains in 3Q

ATTOM Data Solutions, Irvine, Calif., said profits for home sellers nationwide continue to hit high points despite the economic distress caused by the coronavirus pandemic.