The Number of U.S. Cities with a Typical Home Value of $1 Million Surges
While the typical value of a home in the United States is about $263,000, the number of “million-dollar cities” rose sharply in 2020, according to […]
The Best Performing Residential Markets Around the World
Price appreciation in the Philippine’s capital city of Manila lead the annual ranking of Knight Frank’s latest Global Residential Cities Index for the second year in […]
Record Prices and the Pandemic Slow Down Home Sales in November
Existing-home sales in the U.S. fell in November 2020, ending a five-month streak of monthly gains, according to a report by the National Association of […]
Commercial Real Estate Loans Decline 34 Percent in 2020
Commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties in 2020, a 34 percent decline from 2019’s […]
Low Mortgage Rates and a Hot Stock Market Drive Down All-Cash Home Purchases
Nearly a quarter of all home sales in the U.S. were paid for outright, according to a report by Redfin. About 24.3 percent of homes […]
Mortgage Rates Hit a New Record Low, Reports Freddie Mac
The rate on a 30-year fixed hit a new low this week of 2.67 percent, according to Freddie Mac. It’s the first time the average 30-year […]
San Diego Ranks First in Home Bidding Wars Says Redfin
National property broker Redfin is reporting this week that 53.6 percent of U.S. home offers written by Redfin agents nationwide faced competition in November 2020. […]
The Housing Market Continues to Roar Ahead
Despite a worsening pandemic, economic disruptions and a divisive political environment, the U.S. housing market continues its unstoppable forge ahead. Demand for new homes (+41%), […]
Homes Sales Surge in September, Prices Up 14.8 Percent from Last Year
Sales of existing homes rose a higher-than-expected 9.4% in September to a seasonally adjusted annualized charge of 6.54 million units, according to a report from […]
Latino Home Ownership on the Rise
Latin homeownership gains in recent years have far exceeded those of other groups. About 18% of the U.S. population identifies as Latin, yet they have […]