- Housing News
- April 29, 2021
House Prices Hit All-Time Record High
Thanks to a lack of supply and an abundance of demand, house prices have never been higher than they are right now. Here are the full details.
Ben is the Managing Editor for New American Funding. In this role, Ben helps with content creation, news coverage, and serving our audience of borrowers, real estate agents, loan originators, and other housing professionals. Prior to joining New American Funding, Ben worked at HousingWire, a top housing media outlet. Ben joined HousingWire in 2014 as a reporter and was later promoted to Senior Financial Reporter, Editor, and eventually to Managing Editor. During his time at HousingWire, Ben helped elevate HousingWire to national acclaim and record traffic growth. He was also honored with multiple awards for his work, including an Eddie Award from Folio Magazine and a Gold Award for Best Trade Magazine Story from the National Association of Real Estate Editors.
Thanks to a lack of supply and an abundance of demand, house prices have never been higher than they are right now. Here are the full details.
One thing is clear: the housing market desperately needs more houses on the market right now. Luckily, it looks like help is on the way in the form of newly built homes.
New homes continue to be a very popular option among prospective home buyers, assuming they can find a new home to buy, of course. According to a new report, mortgage applications for new home purchases increased in March, continuing a trend that stretches back into late last year.
Now that we're more than three months into 2021, we're starting to get a relatively clear picture of what's going on in the housing market. The overarching themes so far: low inventory, slowing home sales, and rising prices. But what about what's going to happen for the rest of the year?
For well over a year, the mortgage market has been dominated by refinances, a function of interest rates hitting lows that were previously unheard of and staying that way for most of 2020. But it looks like those days may soon be in the rearview mirror. Is it Officially a Purchase Market Now?
In a time when nearly two-thirds of home buyers made an offer on a home without ever seeing it in person, a new survey shows that home staging has perhaps never been more important.
If there's been one constant theme in housing over the last several months, it's been how the lack of available inventory is impacting the market. Unfortunately, there doesn't appear to be a light at the end of the inventory tunnel right now.
If one was looking for the hottest housing markets over the next year, one simply needs to follow the old adage: Go west, young man.
Over the last few months, home prices have been rising faster than they have in decades. But it appears that prices may be beginning to calm down a bit. That's not to say that prices aren't still rising, because they are, but the speed at which home prices are increasing seems to be slowing down.
Spring is usually the time of the year when the housing market is the hottest, but that may not be the case this year. Instead of home sales heating up, it's beginning to look like sales will be cooling off as the weather begins to warm up.
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