Analysis and Data

While house hunters continue to migrate at a higher rate than they did earlier on in the pandemic, migration has slowed its pace this past summer as life in the U.S. has somewhat returned back to normal. 

The Florida housing market reported higher median prices with more new listings and a rise in all-cash sales in August compared to last year. 

The National Association of Realtors reported a 2% decline in existing-home sales on a seasonally adjusted rate from July to August 2021.

Nationwide, a shortage of homes for sale is plaguing the housing market and this is especially true in New York, where the inventory of homes for sale has fallen for 22 consecutive months in year-over-year comparisons.

'The pandemic isn't over, but the desire to escape isn't as intense as it was before,' says Redfin economist, Taylor Marr.

First American Financial Corporation's Potential Home Sales Model for August 2021 reported a 9.9% year-over-year increase in market potential for existing home sales.

Williston Financial Group's 2021 Lending Leadership survey revealed that concerns are rising over real estate turnaround times.

Black Knight: Delinquency Rate Falls To 4% For First Time Since Early 2020

MBA says prospective buyers turning to new homes due to lack of inventory for existing homes