Housing Market Roundup: Apr. 15, 2021

Beware the Ides of April—unless it’s news you seek. Because we have plenty of housing market reports below to slake your thirst.

Pandemic Drives ‘The Great Reshuffling’

So many people have moved in the past year—either by choice or by circumstance—that it even has its own name: the “Great Reshuffling.”

Low-Income Renters Not Seeing Pandemic Savings

Rent growth has slowed during the pandemic, seemingly a boost for rent affordability. But more expensive areas tended to soften the most, giving little respite to renters in lower-priced areas, reported Zillow, Seattle.

Millennials Get Comfortable with Mortgage Process

Reports from ICE Mortgage Technology and Zillow illustrate not only how comfortable they have become with the mortgage process—particularly online—but also in what kind of mortgages they obtain.

Industry Briefs Feb. 25, 2021

Finicity, Salt Lake City, announced its one-touch Mortgage Verification Service, enabling lenders to allow consumers to permission data so lenders can verify assets, income and employment in a single interaction. The verification is accepted by both Freddie Mac and Fannie Mae.

2021 Housing Market ‘Red Hot’

The past year has been like no other, housing-wise. Near-record-low interest rates, tight housing supplies and greater flexibility in where one lives have pushed a normally predictable housing cycle into uncharted territory, as three new housing reports show.

Record-Low Inventories Drive Record-Low Contract Periods

With record-low housing inventories and sharply increasing home prices, what else could happen? How about record-low contract periods, according to both Redfin, Seattle, and Zillow, Seattle.