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Housing Market News

The Housing Market Is Hotter In Counties With Fewer Coronavirus Cases Per Capita

Pending home sales were up 54% in low-intensity coronavirus counties last month, outpacing the 45% growth in high-intensity coronavirus counties. There was a similar trend in new listings. Pending home sales rose 54.1% year over year in U.S. counties with low concentrations of Covid-19 cases during the four-week period ending Dec. 1, outpacing the 45.1% […]

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Car-Dependent Neighborhoods Are Hotter Than Ever Mid-Pandemic, With Home Prices Up 15%—But Walkable Neighborhoods Aren’t Far Behind

Supply is down and competition is fierce in suburbs and rural areas. The housing market is also hot in walkable urban neighborhoods, with prices up 11%, as homebuyers display renewed interest in city life. The median home-sale price in car-dependent neighborhoods nationwide rose 14.9% year over year to $345,000 in October, the biggest increase and

Car-Dependent Neighborhoods Are Hotter Than Ever Mid-Pandemic, With Home Prices Up 15%—But Walkable Neighborhoods Aren’t Far Behind Read More »

U.S. Housing Market Will Withstand a Wave of Foreclosures When Forbearance Ends

Investors and first-time homebuyers will quickly buy up an impending wave of foreclosures from homeowners saddled with debt during the pandemic  More than 3.3. million of U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends. While some of those homeowners who are overleveraged or unaware of their options will contribute

U.S. Housing Market Will Withstand a Wave of Foreclosures When Forbearance Ends Read More »

Condos Are Selling for a Record 17% Discount to Single-Family Homes as the Coronavirus Fuels Demand for Space

The desire for privacy during the pandemic is keeping a lid on condo prices, but condo sales are up 23%—on par with sales growth for single-family homes—as buyers take advantage of the discounts. The typical single-family home that sold in the U.S. this year was purchased for an average of 17.3% more ($58,000) than the

Condos Are Selling for a Record 17% Discount to Single-Family Homes as the Coronavirus Fuels Demand for Space Read More »

Home Searches in Cities Up 200% From Last Year, Reflecting Renewed Interest in Urban Areas After Pandemic-Driven Drop

The uptick in urban home searches closely trails a 235% increase in searches for homes in rural areas. Home prices were up by double digits in both neighborhood types, reflecting both continued interest in rural life and optimism about the return of city life as the pandemic persists. Pageviews of homes in rural areas on

Home Searches in Cities Up 200% From Last Year, Reflecting Renewed Interest in Urban Areas After Pandemic-Driven Drop Read More »

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