2020 Was a Surprisingly Strong Year for Housing. Here’s Why 2021 Will be Stronger.
2021 is on pace to be the strongest year for the housing market since 2005, riding a wave of strong and sustainable fundamentals.
Market Trends
The stage is set for an expected takeoff in sales, continued recovery in the rental market and another 10% growth in home values in 2021.
Mortgage Rates Stay Flat but Movement May Be on the Way
Mortgage rates stayed flat this week, as investor's wait on a new relief package.
What Moved Us: Stories that Shaped the Year in Real Estate
Home became more important than ever in 2020. Kitchen tables became classroom desks, basements turned into offices and backyards became sanctuaries.
Mortgage Rates Continue to Fall as Signs Say They Probably Should Rise
Mortgage rates fell again this week, continuing to withstand upward pressure imposed by financial markets.
After Years of Decline, Household Formation Rates Were Improving Pre-Pandemic. Now What?
There would be some 5.7 million additional households today if Americans formed households at the same rate they did in 2006.
Working From Home Could More Widely Benefit Black Renters Seeking Homeownership
Black renters are 29% more likely than other renters to potentially be able to move and buy a first home because of the rise in telework.
October Existing Home Sales: Blowing Past Expectations. Again.
Every time we think that this year's existing home sales wave may have finally crested, another month of data comes in that blows past expectations.
Mortgage Rates Fall as Vaccine Euphoria is Replaced by Sobering Realities
Mortgage rates fell significantly as initial vaccine optimism was replaced by the sobering current reality of rising case loads and distribution challenges.
October Housing Starts: More in the Tank
Home builders have their foot on the gas, but given sky-high levels of builder optimism it feels like they're still leaving a good bit in the tank.
