U.S. Home Ownership Rate Sees Highest Annual Surge Ever Recorded

The rate of homeownership in the United States saw its highest surge ever recorded in 2020, with homebuying rates jumping significantly even as the country continues to see record-low stock in most states.

The homeownership rate “climbed to 65.5% in 2020, up 1.3% from 2019 and the largest annual increase on record,” the National Association of Realtors said in a press release this week.

Read More

Mortgage Applications Plummet as Housing Prices Surged to Record High

Mortgage applications plummeted to their lowest level in three years as rates continued to edge higher, hitting home buyers and refinancers.

Mortgage applications decreased 13.1% in the week ending Feb. 18, the lowest level since December 2019, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey. The survey, which measures mortgage loan application volume, found refinancing activity decreased 15% on a weekly basis and was 56% lower than the same period one year prior.

Read More

Home Sales Surged to 15-Year High in 2021

U.S. existing home sales soared to a 15-year high in 2021 fueled by low interest rates and remote work, which boosted a competitive housing market, the National Association of Realtors (NAR) announced Thursday.

Home sales totaled 6.12 million in 2021, representing an 8.5% increase from 2020 and the highest level since 2006, according to the NAR. The inventory of unsold homes as of December 2021, 910,000, the lowest figure since January 1999.

Read More

U.S. Home Prices Surged Almost 20 Percent in October

U.S. home prices surged in October as the housing market remains strong after the COVID-19 pandemic, according to a key economic indicator.

Home prices climbed 18.4% in October compared to one year earlier, a deceleration from a 19.1% year-over-year increase in September, according to the S&P Corelogic Case-Shiller Index. Experts surveyed by The Wall Street Journal projected the index would grow 18.6% in November.

All 20 cities included in the index posted double-digit annualized gains. Phoenix saw a 32.3% increase, Tampa Bay, Florida, grew 28.1% and Miami increased 25.7%, according to the report.

Read More

Home Prices Soar in Third Quarter as Housing Market Remains Hot

Median home prices surged in the third quarter of 2021 in almost every housing market in the U.S., the National Association of Realtors said in a report Wednesday.

The median price of a single-family home increased in 182 out of the 183 markets tracked by the National Association of Realtors (NAR). Prices grew by 10% from the previous year in 78% of the 182 markets.

Read More

Florida Residential Home Sales Up, Inventory Shrinks

homes

Data released by the Florida Realtors shows that the number of single-family residential home sales (78,353) increased 23.1% in the first quarter of 2021 when compared to the number of homes sold (65,602) in first quarter in 2020.

The increase continues a hot resale market which began during the third quarter of 2020 with a 13.7% increase followed by a 23.6% in forth quarter of 2020.

Prices also saw double digit increases during the first quarter of 2021. The median price increased 17.6% to $317,500 in 2021 from $270,000 in 2020. Also, the average price increased 31.7% to $481,591 in 2021 from $365,765 in 2020.

Read More

Virginia REALTORS® Bans ‘Hate Speech’ by Members

The National Association of Realtors® (NAR) banned all “hate speech” by its members – not just in members’ professional capacity, but in every aspect of their lives. The policy changes were approved by the NAR Board of Directors during a meeting on November 13.

The policy on hate speech encompasses an array of broad issues: “harassing speech, epithets, or slurs based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.” Collectively, these speech-related issues fall under what the NAR terms “public trust,” which also includes misappropriation of client or customer funds, or property and fraud that causes significant economic harm.

Read More

Ohio REALTORS® Bans ‘Hate Speech’ by All Members

The National Association of Realtors® (NAR) banned all “hate speech” by its members – not just in members’ professional capacity, but in every aspect of their lives. The policy changes were approved by the NAR Board of Directors during a meeting on November 13.

The policy on hate speech encompasses an array of broad issues: “harassing speech, epithets, or slurs based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.” Collectively, these speech-related issues fall under what the NAR terms “public trust,” which also includes misappropriation of client or customer funds, or property and fraud that causes significant economic harm.

Read More

Georgia REALTORS® Bans ‘Hate Speech’ by Members

The National Association of Realtors® (NAR) banned all “hate speech” by its members – not just in members’ professional capacity, but in every aspect of their lives. The policy changes were approved by the NAR Board of Directors during a meeting on November 13.

The policy on hate speech encompasses an array of broad issues: “harassing speech, epithets, or slurs based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.” Collectively, these speech-related issues fall under what the NAR terms “public trust,” which also includes misappropriation of client or customer funds, or property and fraud that causes significant economic harm.

Read More

Tennessee REALTORS® Bans ‘Hate Speech’ by Members

The National Association of REALTORS® (NAR) banned all “hate speech” by its members – not just in members’ professional capacity, but in every aspect of their lives. The policy changes were approved by the NAR Board of Directors during a meeting on November 13.

The policy on hate speech encompasses an array of broad issues: “harassing speech, epithets, or slurs based on race, color, religion sex, handicap, familial status, national origin, sexual orientation, or gender identity.” Collectively, these speech-related issues fall under what the NAR terms “public trust,” which also includes misappropriation of client or customer funds, or property and fraud that causes significant economic harm.

Read More