5 housing trends for 2021: What’s ahead for mortgage rates, home prices, flight to suburbs?
In 2021, mortgage rates will rise from record lows, home-price gains will slow and Americans will continue their migration to less dense regions and lower-cost housing markets.
https://www.northwestgeorgianews.com/associated_press/business/5-housing-trends-for-2021-what-s-ahead-for-mortgage-rates-home-prices-flight-to/article_b8702f5b-5d5f-5b2f-9485-b6306e05fcd9.html
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Forecast Ranks Seattle Housing Market #2 for Price Growth in 2021
The Seattle, Washington real estate market is currently firing on all cylinders, with stiff competition and rising home prices. And a recent forecast predicted a continuation of those trends, going into 2021.
http://www.homebuyinginstitute.com/news/seattle-housing-market-ranked-number-two/
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King, Snohomish Counties See Continued Rise in Home Prices in November
November saw continued price escalation and supply constraints in the King and Snohomish County real estate markets, according to figures released Monday by the Northwest Multiple Listing Service (NWMLS).
https://425business.com/king-snohomish-counties-see-continued-rise-in-home-prices-in-november/
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Tacoma is now the nation's hottest housing market
Tacoma is now the nation's hottest housing market, with half of all homes there pending sale in just six days, down from 21 days a year earlier, according to a newly released survey.
https://komonews.com/news/local/survey-tacoma-is-now-nations-hottest-housing-market
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U.S. Home Prices Continue Stronger 2020 Second Half, Radian Home Price Index Reveals
Home prices across the United States rose at a faster pace, in November, than the month prior (October 2020) and continued to appreciate at higher than 2020 average monthly rates.
https://www.businesswire.com/news/home/20201218005692/en/U.S.-Home-Prices-Continue-Stronger-2020-Second-Half-Radian-Home-Price-Index-Reveals
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Seattle invests in cultural space, with an eye towards inclusivity
For much of the past year, Seattle's arts and cultural organizations have been hit hard. Even before the pandemic, many were struggling to keep up with rising rents, and unable to hold on to their venues and workspaces.
https://www.kuow.org/stories/seattle-invests-in-cultural-space-with-an-eye-towards-inclusivity
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Touchless residential living and improved airflow make Concord Pacific's industry-leading BioSpace Initiative the first in North America to directly design around space, technology and environments for future residents
Seattle House will be one of the first buildings in the world to be constructed with these health and safety enhancements.
https://www.prnewswire.com/news-releases/touchless-residential-living-and-improved-airflow-make-concord-pacifics-industry-leading-biospace-initiative-the-first-in-north-america-to-directly-design-around-space-technology-and-environments-for-future-residents-301195705.html
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Are Texas and Florida the new California and New York?
Sunnier locales, lower taxes, and a more affordable cost of living. California's tech elite and New York's financiers are in pursuit of all three, and they've found that trifecta in Texas and Florida.
https://www.businessinsider.com/pandemic-tech-finance-migration-california-texas-florida-new-york-2020-12
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Redfin's 2021 Housing Market Predictions: 14.5 Million Americans Will Move Out of Town, Fueling 10% Sales Growth
With the end of the pandemic in sight, more people will relocate than in over a decade
https://www.prnewswire.com/news-releases/redfins-2021-housing-market-predictions-14-5-million-americans-will-move-out-of-town-fueling-10-sales-growth-301192854.html
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Boom or bust? Here's what the Seattle housing market looked like in 2020
The Seattle-area housing market has remained strong throughout 2020 despite the ongoing coronavirus pandemic upending nearly every part of life.
https://www.seattlepi.com/realestate/slideshow/seattle-housing-market-trends-of-2020-214161.php
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What did 2020's home buyers want above all else?
But in 2020, buyers paid almost four times that average for waterfront property - or if not on the water, then in the case of the only downtown Seattle property that made the list of most expensive per square foot sales, a panoramic view of that waterfront.
https://www.seattlepi.com/realestate/slideshow/most-price-per-square-foot-homes-seattle-2020-214141.php
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Seeing 2020: A vision of Seattle’s future from 1984
A Pacific NW magazine story from 1984 predicted what life in Seattle would be like now. It was not completely wrong.
https://www.seattletimes.com/pacific-nw-magazine/seeing-2020-a-vision-of-seattles-future-from-1984/
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10 ‘Tight’ Housing Markets Where Home Buyers Could Struggle in 2021
In 2021, many home buyers across the U.S. could struggle to find a suitable home, due to inventory shortages. Local housing markets across the country have experienced a significant decline in the number of homes for sale.
http://www.homebuyinginstitute.com/news/tight-markets-where-buyers-could-struggle/
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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