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.
Tag: Home Prices
Bidding Wars Strong for 7th Straight Month; Homes Selling at Fastest Pace in 8 Years
The national median home price rose 14% year over year to $335,519 in November, according to Redfin, Seattle. And in many housing market hotspots, bidding wars persist for more than half of home sales.
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.
Housing Report Roundup
Welcome to the Friday Housing Report Roundup. Click on the link to see what’s happening.
Housing Report Roundup: Refi Candidates at Record High; Lenders’ Profit Outlook Improves; Homebuyers Undeterred by High Prices
Here’s a roundup of recent housing finance market reports, from Black Knight, Fannie Mae and Redfin.
RE/MAX: July Home Sales Show Reversal of Pandemic Slowdown
Despite a limited supply of homes for sale across most metros in the U.S., July home sales continued a recent month-over-month incline, said RE/MAX, Denver.
Redfin: ‘Record-Breaking’ Housing Market Continues
Redfin, Seattle, said home prices and year-over-year price gains hit another high as prices continued to rise during a time of year that they usually decline.
Radian: U.S. Home Prices Continue to Rise Amid Housing Imbalances
Radian, Philadelphia, said after a strong finish to the first half of 2020, home prices across the United States continued to rise sharply, albeit at a slower pace in July from June.
Late-Summer Home Activity ‘Unseasonably Hot;’ Luxury Home Prices Bounce Back
Redfin, Seattle, said median home prices for the four-week period ending Aug. 9 jumped by 10 percent from a year ago to a record-high $314,000 as the spring home-buying season extended well into late summer.