Category: Housing market

Cities are attracting more property hunters with demand for flats outstripping that of houses in the autumn, the latest sign that the pandemic-fuelled “race for space” could be waning.

UK property prices hit record levels during the pandemic as factors including the rise of home and flexible working fuelled a buying boom outside cities.

However, as staff returned to offices with flexible and hybrid working patterns through the autumn – prior to the emergence of Omicron – interest in flats has surged.

“When the housing market reopen…….

A Valvoline is coming to 6943 W. Broadway in McCordsville.

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Housing market dynamic for holiday season

HANCOCK COUNTY — An area real estate firm reports the county’s residential real estate market continued its robust activity, bucking the trend of a typical holiday slow-down.

According to F.C. Tucker Company, Hancock County saw a 17.9% increase in pended home sales compared to November 2020. Housing inventory actually increased, up 10.8% compared to this time last year.

Home sale prices increased…….

Source: https://www.dailycommercial.com/story/lifestyle/2021/12/23/booming-forecast-2022-housing-market/8977920002/

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In Sao Paulo, house prices were down 5.51% during the year to Q3 2021

The pandemic has halted Brazil’s housing market recovery, with real house prices in Sao Paulo falling again by 5.51% during the year to Q3 2021, following a y-o-y increase of 0.21% last year. On a quarterly basis, Sao Paulo prices fell by 1.99% during the latest quarter.

House prices in the capital city have been falling since 2015, though the rate of decline has moderated in recent years. 

Demand steady, but sociopolitical unrest continues

In October 2021, Sao Paulo State Housing Union (Secovi-SP) recorded 5,555 new resident…….

FORT WORTH (CBSDFW.COM) — The 2022 housing market in North Texas is looking a lot less frenzied according to a local real estate agent, and it might be the time for new buyers to finally strike on landing a home.

Michael Coburn is the owner and broker of RE/MAX Town and Country.

READ MORE: Thousands Will Spend Christmas On The Streets, And Local Organizations Are Looking For Help

He says the next few months and into 2022 will see a less competitive market in DFW.

Coburn added, “Going into next year sellers remain very strong, but with price stabilization and the continuation of low interest rates going into the n…….

Source: https://www.theledger.com/story/business/real-estate/2021/11/28/lakeland-florida-housing-market-calms-but-continues-hot-2021-winds-down-real-estate-buying-home/8670247002/

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The housing market heads into the new year in a construction boom the likes of which we haven’t seen since Richard Nixon was president. The U.S. Census Bureau said there were 1,679,000 privately owned housing starts in the month of November, the most since 1973, according to an analysis by Calculated Risk Newsletter.

That’s for both multifamily and single-family starts and represents a nearly 12% jump from October and 8.3% more than November 2020. Single-family starts comprise nearly 1.2 million of those starts, according to the New Residential Construction Report issued by the Census Bureau on Dec. 16.

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The US housing market is still in a frenzy as pandemic-induced demand intensifies a longstanding housing shortage. In October, the number of existing homes sold across the country rose by 0.8% even as home prices kept increasing. After 15 straight months of rising prices, the median price for a home in the third quarter of 2021 hit $404,700, up nearly 20% from the year before.

The press has noted that more than 6 million homes may be sold this year, more than any time since 2006. For those familiar with real estate busts, this may be an ominous sign.  A roughly three-year housing boom ended in 2008 …….

Redfin’s housing market predictions for 2022 are more positive with a higher supply of new homes causing price growth to slow down. But by then, higher mortgage rates are likely to impact housing affordability. (iStock)

If a new house is at the top of your holiday wish list, it may take a Christmas miracle to find your dream home in today’s housing market. Home supply fell 18% year-over-year in November, driving high demand and pushing housing prices up 15%, according to Redfin. 

“I wish I had better news for homebuyers this holiday season, but in many ways the housing market is more challenging than ever,” said R…….

December 17, 2021
To keep up with the rapid changes COVID-19 is causing in the economy and housing market, the Realtor.com® economics team provides a weekly blog and video update on the relevant real estate and economic information you need to know to navigate the housing market in these challenging times.
This week, Manager of Economic Research George Ratiu concludes 2021 with another update. He talks about the latest data highlighting expansions in the economy and real estate markets. He starts with the NFIB small-business optimism index and rising wholesale prices, both of which point to rising prices next year. He contin…….