Analysis and Data
Second-home demand skyrocketed by 70% in October 2021, outpacing August's 48% gain, according to a report from Redfin.
More homes are expected to hit the auction market this year as the forbearance moratorium expires.
The rise in consumer spending and credit card balances reflects a shift from COVID-19 economic behavior when most people scaled back spending and substantially paid down debt, researchers said.
79% of people would renovate their homes to make them more energy efficient if financial and administrative support is available.
The median sales price of single-family existing homes rose in 99% of 183 measured market areas in the third quarter, with double-digit price gains in 78% of the markets.
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.