Not only are home showings up, they are higher than they were at the beginning of the year. While they may have dipped during the worst of the shutdowns, low mortgage rates have led eager buyers back to the market. Still, sellers have been slow to return at the same rate, making many markets extra […]
New-Home Sales Look a Lot Like 2006’s Housing Levels
August 26, 2020 Buyers continue to rush to the new-home market. Sales of newly built single-family homes in July surged to the highest pace since 2006, jumping 36% higher than a year ago, the U.S. Department of Housing and Urban Development and U.S. Census Bureau reported Tuesday. The Midwest saw the largest spike in new-home […]
Sellers Are Returning to the Housing Market
In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research at realtor.com, explains: “Seller confidence has […]
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