Remember back in December when we learned that home prices were rising faster than they had in 15 years? And then when that figure was topped the next month? Well, you ain't seen nothing yet.
Home buyers continue to be very interested in newly built homes, as a new report shows that mortgage applications for new home purchases continued increasing in January.
Homebuilders Still Optimistic About Housing Despite Record High Lumber Prices. All indications so far are that this year is going to be a very productive one for the homebuilding industry. Therefore, it's probably not a surprise that homebuilders are still feeling bullish about their prospects for 2021.
Those who have been following housing and real estate know that nationwide home prices rose throughout last year, escalating to a record-breaking pace toward the end of the year. But what about things at a more local level? Here are the Housing Markets with the Largest Home Price Increases in the Last Year.
Believe it or not, tax season is already here. And if you are looking for possible deductions on your federal income taxes, there are plenty of reasons to read on about form 1098. If you completed a mortgage refinance in 2020, you may be realizing the benefits of lower payments and possibly a lower rate.
At a time when interest rates have never been lower, it is getting somewhat easier for borrowers to take advantage of those low rates.
Thanks to the combination of fewer homeowners listing their homes for sale and more people wanting to buy a new home, there are fewer homes on the market now than there have been at any point since at least 2012. However, relief may be on the horizon.
Given that inventory has never been lower and prices have never been higher, more people are realizing that now is a good time to sell their house.
Even though home prices continue to rise faster than ever before, more people believe they can afford to buy a home, likely due to sustained record lows in interest rates.
Given how much attitudes towards owning a home changed last year, it’s probably not a surprise that homeownership hit a 12-year high in the third quarter of 2020. What may come as a surprise, however, is the fact that homeownership appears to have fallen back in the fourth quarter by a decent amount.