Market Data + Trends New-Home Sales Outpace Existing Home Sales in January As existing home sales inched forward in January by 0.6%, new-home sales grew at a stronger rate of 4.3%, according to data from the Census...
Market Data + Trends Is the Pandemic Entirely to Blame for Record-Low Housing Inventory? Although it has appeared that the suburban shift resulted directly from the pandemic, data shows this shift has been ongoing for several...
Building Materials Lumber Prices Hit Record High, Threatening Housing's Momentum As lumber prices continue to rise, home builders look for short- and long-term solutions to keep construction (and the economy) moving
Financing Average Homebuyer Loan Hits Another Record High While mortgage demand fell last week and mortgage rates increased, the average homebuyer loan hit a new high amid rising home prices. CNBC...
Market Data + Trends Home Values Increase at Unprecedented Quarterly Rate Home values experienced a quarterly rise of 3.2% at the end of 2020—the fastest pace on record since at least 1996. For some metros, home...
Economics Why Did Mortgage Rates Rise Last Week? The recent uptick in mortgage rates come as a result of the senate runoff elections in Georgia last week, says Zillow. The close race in...
Financing Mortgage Rates Creep Up, Send Homeowners Running to Refinance Homeowners who have been hesitant to refinance their mortgages are now running as mortgage rates creeped up last week. Going from 2.86% to 2...
Multifamily 3 Million Unemployed Renters Remain Burdened by Housing Costs There are an estimated 3 million renters who remain unemployed from March that face intense housing cost burdens. Thanks to the new stimulus...
Economics Residential Construction Employment Outperforms National Employment As overall nonfarm payroll employment decreased in December amid rising COVID-19 cases, residential construction jobs increased. Nonfarm...
Coronavirus Resources and Information What’s Different About the Latest Round of PPP Loans The most recent round of Paycheck Protection Program funding, which opened yesterday, comes with a few important differences. In order to...
