Tag: insights

Latest Real Estate News, Industry Updates, Interviews & Property Insights

Latest Real Estate News, Industry Updates, Interviews & Property Insights

In January 2021, the median national home itemizing value grew by 15.four p.c year-over-year to $346,000. Housing inventory within the 50 largest U.S. metros general decreased by 24.2% over final yr in November, a rise in the fee of decline compared to final month’s 21.1% decrease. Regionally, the inventory of houses in western and southern metros are exhibiting the largest year-over-year decline (-28.2%) adopted by the Northeast (-22%), and Midwest (-13.7%). The South’s higher inventory scarcity might take longer to recuperate from than in other areas.

  • The 10th percentile, deemed the “lower sure of creditworthiness to qualify for a mortgage” is now 657; before the recession, it was under 600.
  • A month ago, the common rate on a 30-year fastened mortgage was greater, at 3.20 p.c.
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