Buyers Face Off in Fastest Sales Ever
Homes are selling in record time at an average of 43 days—20 days fewer than a year ago, according to realtor.com’s latest Monthly Housing Trends Report. The market is experiencing Intense buyer competition, though inventory opened up slightly in April as more sellers started to list their homes. New listings, however, are still nearly 26% below pre-pandemic levels, the report shows.
https://magazine.realtor/daily-news/2021/04/30/buyers-face-off-in-fastest-sales-ever?AdobeAnalytics=ed_rid%3D1482645%26om_mid%3D4534%7CMembersEdgeNews_2021_05_06_Brokers%26om_ntype%3DMEMBER%27S%20EDGE%20%28news%29
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Today’s Mortgage Interest Rates: May 6, 2021—Rate Drops Continue
The cost of getting a loan seems to be the one inexpensive attraction in today’s hot housing market as mortgage rates remain below 3% for the third week in a row. The average rate on a 30-year, fixed-rate mortgage stumbled two basis points to 2.96%, giving borrowers another shot at a sub-3% loan.
https://www.forbes.com/advisor/mortgages/mortgage-interest-rates-5-06-21/
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Realtors say cash buyers are purchasing homes - above the asking price
Bend agent says one client bought a house after only seeing it over video
https://www.bendbulletin.com/business/realestate/realtors-say-cash-buyers-are-purchasing-homes---above-the-asking-price/article_06729156-a841-5f70-a723-994bf7c1ad1e.html
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Could Seattle-area homebuyers be getting some relief? New report shows rise in new listings
During April, the area saw a significant increase in new listings compared to the same time last year, according to the most recent report from Northwest Multiple Listing Service
https://www.seattlepi.com/realestate/article/seattle-sees-increase-new-home-listings-april-2021-16157011.php
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Study: Residents left big metros during pandemic for family
The data adds to understanding of how the pandemic has changed where and how Americans live.
https://www.seattletimes.com/nation-world/nation/study-residents-left-big-metros-during-pandemic-for-family-2/
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This County Has the Most Expensive Homes in America
ATTOM looked at 552 counties that had enough data to make accurate calculations.
https://247wallst.com/special-report/2021/05/05/this-county-has-the-most-expensive-homes-in-america-2/
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Homeownership Remains Affordable for Average Workers Across Majority of U.S. Despite Price Spikes
Slight majority of housing markets more affordable than historic averages
https://www.attomdata.com/news/market-trends/home-sales-prices/attom-data-solutions-q1-2021-u-s-home-affordability-report/
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Vancouver, Seattle, Portland mega-region concept lives on
A high-speed rail connecting Vancouver, Seattle and Portland would help develop a so-called Cascadia mega-region comprised
https://renx.ca/vancouver-seattle-portland-mega-region-concept-lives-on/
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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