Analysis and Data
The latest report from OJO Labs revealed that 40.9% of homes in October sold for more than initial list price. The company says that this number has dipped since it initially began tracking competition metrics in July.
65% of prospective sellers are eager to enter the housing market this winter, while many expect bidding-wars and fast-paced sales to make a comeback.
A new report from J.D. Power is linking the record mortgage origination volume experienced during the pandemic to a decline in customer satisfaction.
Completed foreclosures increased 13% from September, ATTOM says
While availability rose, the overall index was 30% lower than February 2020 and close to the lowest supply of mortgage credit since 2014.
In August, 4% of all mortgages were in some stage of delinquency, decreasing 2.6 percentage points.
Consumers once again reported mixed feelings about home buying and home selling conditions as well as an increased pessimism about the overall economy.
While the nation added 531,000 jobs last month, the labor force non-participation rate remains basically unchanged.
First American Deputy Chief Economist Odeta Kushi reviews historical data to gauge effect on housing market, rates.
ATTOM's third-quarter 2021 U.S. Home Sales Report showed that profit margins on median-priced single-family home and condo sales across the United States jumped to 47.6% – the highest level since the end of the Great Recession a decade ago.