- Housing News
- September 3, 2021
Housing Market Frenzy May Be Calming Down
This year, fewer homes on the market have led to bidding wars in many areas, but things may be starting to calm down.
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.
This year, fewer homes on the market have led to bidding wars in many areas, but things may be starting to calm down.
Despite a dip in mortgage applications in July, 2021 had the second-strongest July since 2012, with new home sales unchanged from June.
3D-printed homes could help ease construction challenges caused by supply chain issues in the homebuilding industry.
After four months of decline, existing home sales have risen for two consecutive months.
Mortgage applications for new home purchases have declined for the fourth consecutive month.
It appears that June's good news on the new home front was short-lived, as a new report shows that construction of new single-family homes declined in July. According to a new report from the Department of…
While home prices rose in most major cities over the past year, they fell only in Springfield, Illinois.
Homebuyers have struggled with low inventory this year, but there may be relief ahead, particularly for first-time buyers.
Refinance activity surged in July, with rate and term refinances up nearly 25% in a month.
Renters may find it easier to buy a home soon due to a major lending policy change from Fannie Mae.