The Great American Housing Boom Has Begun
What if I told you that US housing is one of the best money-making opportunities today? You’d probably think I’m crazy. After all, how can anyone think housing is a good bet right now… especially in the middle of a global pandemic?
https://www.forbes.com/sites/stephenmcbride1/2020/07/31/the-great-american-housing-boom-has-begun/#73433e2e337b
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Hot, hot summer for Washington home shoppers: Record-breaking prices and a cutthroat market
Squeezed up by a combination of low supply and high demand, home prices broke records in nearly every major Washington county last month, even as the pandemic’s onslaught continued to wreak havoc with other parts of the economy.
https://www.seattletimes.com/business/real-estate/hot-hot-summer-for-washington-home-shoppers-record-breaking-prices-and-a-cutthroat-market/
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The Future of Work: Are Offices a Relic of Our Pre-Pandemic Lives?
After our local business behemoths embraced Zoom (fine, Microsoft, Teams), regional traffic numbers plummeted; seemingly overnight, the metropolis turned into an expanse fit more for tumbleweeds than tech powers.
https://www.seattlemet.com/news-and-city-life/2020/08/the-future-of-work-are-offices-a-relic-of-our-pre-pandemic-lives
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Soaring Lumber Prices Limit Housing’s Growth
Home prices continue to rise well above the rate of inflation as housing inventory remains thin.
https://nahbnow.com/2020/08/soaring-lumber-prices-limit-housings-growth/
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Homebuyer's needs are changing in COVID-19 pandemic, real estate agents say
https://www.buzzfeedzz.com/en-us/video/other/natalie-morales-makes-chicken-croquettes/ZZ17H601
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Job Market Gains Continue
Surpassing recent dampened expectations, total payroll employment rose by 1.8 million and the unemployment rate declined to 10.2% in July. The U.S. labor market continues to recover from the COVID-19 crisis.
http://eyeonhousing.org/2020/08/job-market-gains-continue/
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Highway built around house of woman who refused to move
Think living near a highway is tough? Try living between two. A
https://nypost.com/video/highway-built-around-house-of-woman-who-refused-to-move/
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Trust in the market’s long-term direction: Up
Just 28% of Americans singled out the stock market as the best way to invest. Real estate was a close second, named by 26% of respondents, followed by cash/savings accounts/certificates of deposit (18%), and gold or precious metals (14%). Bonds and Bitcoin/cryptocurrency both were favored by just 4% of respondents.
https://www.seattletimes.com/business/trust-in-the-markets-long-term-direction-up/
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Why a Pandemic, Recession, and Protests Aren't Keeping the Housing Market From Roaring Back
Despite the crippling and ongoing coronavirus pandemic, millions out of work, a recession, a national reckoning over systemic racism, and a highly contentious presidential election just around the corner, the residential real estate market is staging an astonishing rebound.
https://www.realtor.com/news/trends/housing-market-rebounds/
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Mortgage Rates Plummet to a New Record Low, Adding Fuel to the Housing Market
The already scalding-hot housing market is likely to heat up even more. Mortgage interest rates continued their downward descent, hitting yet another record—largely thanks to the pandemic, and the resulting economic downturn, dragging on.
https://www.realtor.com/news/trends/mortgage-rates-plummet/
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Selling Your Home in the Age of Coronavirus? Here Are All Your Top Questions, Answered
We’ve gathered advice from the real estate experts to answer your most pressing questions about selling a home during the coronavirus pandemic.
https://www.realtor.com/advice/sell/essential-home-selling-faqs-in-the-age-of-coronavirus/
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How the Pandemic Pushed Home Prices to a Record High Amid Historic Economic Downturn
Who would have thought that this summer, with the number of COVID-19 cases surging and new rounds of restrictions and shutdowns, would yield one of the most competitive housing markets in recent memory?
https://www.realtor.com/news/real-estate-news/home-prices-hit-record-highs-during-pandemic/
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Owning a Home Can Make You Happier
Homeownership comes with all sorts of struggles that renters never deal with. If you rent and your roof leaks, for example, a call to your landlord fixes that (or it should). You don’t have to worry about unexpected expenses, fluctuating property values, or much of anything else.
https://www.fool.com/millionacres/real-estate-market/articles/owning-home-can-make-you-happier/
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AMERICA’S 100 BEST CITIES IN 2020, REVEALED
Resonance Consultancy has just released the latest version of the most comprehensive city ranking on the planet
https://resonanceco.com/reports/2020-americas-best-cities/
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Weekly Housing Market Monitor
NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.
https://www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor
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Market Hotness Index
Metro Hotness - Zip Code and County Hotness
https://www.realtor.com/research/reports/hottest-markets/
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HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.
http://www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
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Economic Indicators
U.S. Census Bureau Economic Indicators
https://www.census.gov/economic-indicators/
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Local Market Reports
All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:
https://www.nar.realtor/research-and-statistics/research-reports/local-market-reports
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CoreLogic Home Price Insights
The most geographically comprehensive and current home price index.
http://www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
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Bureau of Economic Analysis
U.S. Economy at a Glance
http://www.bea.gov/index.htm
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Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2015
http://www.freddiemac.com/pmms/archive.html
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Housing Economics
NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.
https://www.nahb.org/en/research/housing-economics.aspx