Key Highlights
As economy recovers, prices rise
Prices up +4.1% y/
“Inflation is the Cost of an Expanding Economy”
According to the US Labor Department, inflation grew faster than it has in more than 12 years. The cost of everything (groceries, clothing, computers, you name it) increased +4.2% in April 2021.
Douglas Boneparth, president of Bona Fide Wealth, said, “Inflation is the cost of...
Over the past month, the phrase “When is the housing market going to crash?” saw a 2,540% increase in Google searches, according to a report in CNBC. Our series of podcasts will answer this question for you with many different facets of why 'this time is NOT like last time' regarding a housing boom cycle.
Quote from Ben Carlson Ben...
Key Highlights
Current WalletHub study ranks Seattle as best and Corpus Christi as worst for real estate agents
Job opportunity/competition and real estate market health were two factors considered
WalletHub Study Points to Best Metros for Real Estate Agent
WalletHub just published a recent study about which metros of 179 metros are best suited to help maximize a real estate agent’s success.
WalletHub looked carefully at...
Key Highlights
Experts expect 2021 to be record year for home sales
South expected to lead the way for home sale
Experts Expecting Record Year for Home Sales
Redfin is projecting home sales to hit $2.53T in 2021. This dollar amount would represent an increase of +17% y/y, the largest annual increase since 2013, as well as a record high in home sales.
Daryl...
Key Highlights
Booming housing market boosting sales of cheapest homes
CoreLogic indicates median home costs in zip codes with cheapest homes experienced +42% rise in prices since 201
Pandemic Fueling First-Time Buyer and Investor Demand for Lowest-Tier Housing
We all know that the pandemic has “encouraged” wealthy homebuyers to splurge on vacation homes and for city families to move to the suburbs. ...
Key Highlights
Realtor.com study expects 10% of nation’s home to be listed this year
Study finds that 58% of those homes valued below $350,000
Good News Regarding Housing Inventory?
A recently released study from realtor.com found that many homeowners who have opted not to list their homes are getting ready to do so.
Realtor.com expects that approximately 10% of America’s homes will hit the market this...
Key Highlights
Optimism coming back to Peruvian economy after pandemic and political upheavals
Housing demand returning in Lima and in more rural settings
Peru's Rural Housing Market Tells Its Own Stories
Into Peru’s mountains and rural regions, the real estate market is “…the Wild West in a lot of ways…” said Roxana Jave, managing broker of Live in Peru Lifestyle Properties.
Jave...
Key Highlight
250 people relocating to Scottsdale every day
Scottsdale now on list of most popular destinations in country
Arizona as a Whole Is Seventh Most Popular Destination Among 20% of Americans Moving
With lower home prices, larger lots, great weather (except for 2-3 months of 115+ temps), low cost of living and one of the two Major League Baseball’s Spring...
Key Highlights
Home prices nationwide up +11.3% y/y in March
Idaho saw home price gain of +25% y/y
National Home Prices Increased +11.3% y/y in March
According to the latest CoreLogic Home Price Index (HPI) Report, home prices in this country increased +11.3% y/y in March. This 2021 home price gain was the highest year-over-year gain since March 2006.
Home Price Growth...
Everyone is wondering if this is a boom that will end in a bust. Is this huge run up in prices going to result in a massive adjustment?
It's a logical question considering home prices are up 17.2% year over year, comparing March 2020 to March 2021 (NAR). That's historically even higher than the boom that preceded the housing crisis...
