- Housing News
- January 19, 2021
Demand for New Homes Remains Strong
Despite a late 2021 slowdown, new data shows buyers remained eager for homes in December.
Ben is the Managing Editor for New American Funding. In this role, Ben helps with content creation, news coverage, and serving our audience of borrowers, real estate agents, loan originators, and other housing professionals. Prior to joining New American Funding, Ben worked at HousingWire, a top housing media outlet. Ben joined HousingWire in 2014 as a reporter and was later promoted to Senior Financial Reporter, Editor, and eventually to Managing Editor. During his time at HousingWire, Ben helped elevate HousingWire to national acclaim and record traffic growth. He was also honored with multiple awards for his work, including an Eddie Award from Folio Magazine and a Gold Award for Best Trade Magazine Story from the National Association of Real Estate Editors.
Despite a late 2021 slowdown, new data shows buyers remained eager for homes in December.
Despite the pandemic, housing was arguably hotter last year than ever before.
One of the most consistent things in housing last year was just how low mortgage rates were.
Last year changed home needs, with people requiring their homes to serve as offices, schools, and more, driving a dramatic shift in buyer preferences.
Despite home prices rising faster than in 15 years, buying is still more affordable than renting in many areas.
In 2020, mortgage rates hit record lows 16 times, with a new low as recently as December 24. The trend continues into 2021 with another record low.
Homes have been selling quickly as buyers rush to secure a new home due to a shortage of available properties.
Buying your first home can be overwhelming, with saving for a down payment, finding the right lender, and navigating closing costs.
Recent reports show home sales slowing as the weather cools, but it's not all bad news.
As 2020 fades, the dust is settling on one of real estate's wildest years.