Skip to main content

Home Prices Increase 9.3 Percent In Q1 2021

Apr 22, 2021
Photo of a nice, large suburban house.

Data released by the Radian Home Price Index shows home prices across the United States rose at a rate of 9.3% for the first quarter of 2021 and rose 8.8% compared to the previous year. March’s year-over-year increase was slightly higher than February’s 8.3% increase in HPI. Overall, the increase in HPI shows the upward trend in annualized yearly gains thus far in 2021.

The HPI is calculated by the estimated values of more than 70 million addresses each month, covering all single-family property types.

According to national data trends, median home prices in the U.S. rose to $274,256 in March from the $272,186 recorded in February. Distressed sales in March 2021 represented just 4.4% of all sales. This marks the ninth month in a row of sub-5.0% market share for distressed sales, a reflection of the continued impact of forbearance measures and foreclosure moratoriums in effect nationally.

"There has been no taking the foot off the pedal this winter season as home prices during the first quarter continue to grow," said Steve Gaenzler, senior vice president of data and analytics.

However, the volume of active listings continues to shrink, with the quarterly average nearly as low as the fourth quarter in 2007. 

Gaenzler added, "While we anticipate many potential sellers to reconsider listings postponed during COVID, there still remains a natural shortage of home supply across the U.S., and a similar set of first time buying millennials and other buyers, sidelined last year as well."

Click here to read more from Radian's Home Price Index.

Published
Apr 22, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021