Headline Real Estate News
July 16, 2021 – July 24, 2021
Headline Real Estate News for Buyers, Sellers, Homeowners, and the Curious… real estate sale prices, mortgage interest rates and new listing activity to name just a few topics of interest to Realtors and home buyers and sellers.
So what content has been posted in news media or on the Internet? As a REALTOR who subscribes to numerous Real Estate News Feeds, I continually try to stay attuned to what is occurring in the real estate market locally, across the State, and nationally.
7/16/21 NAR “Yun: We’ve Never Seen Prices Appreciate This Fast ”
Just how wild is the real estate market right now? You don’t hear National Association of REALTORS® Chief Economist Lawrence Yun say this every day: “We’ve never seen price appreciation of this magnitude.” It’s a sobering message in NAR’s latest home sales video, which covers the month of May, when the median home price rose nearly 24% year over year from $283,500 in May 2020 to $350,300 in May 2021.
magazine.realtor-Yun Weve Never Seen Prices Appreciate This Fast
7/20/21 Inman.com “If home prices don’t cool, watch for Fed tightening and rising mortgage rates ”
Economists at Fannie Mae are again sounding warnings that rising rents and record home price appreciation could contribute to long-lasting inflation that leads to earlier, more aggressive tightening by the Federal Reserve.
But homebuilders may yet save the day. As supply chain constraints and labor shortages ease, more new homes should start coming on the market. That could encourage homeowners who want to trade up to put their own homes on the market — boosting sales of both new and existing homes and slowing the pace of price increases, Fannie Mae forecasters say.
inman.com-If home prices dont cool watch for Fed tightening and rising mortgage rates
7/22/21 Wall Street Journal “U.S. Median Home Price Hit New High in June ” Nicole Friedman
Continued strong demand pushed the median U.S. home price to a record high in June, though the national house-buying frenzy cooled slightly as supply ticked higher.
Existing-home sales rose 1.4% in June from the prior month to a seasonally adjusted annual rate of 5.86 million, the National Association of Realtors said Thursday. June sales rose22.9% from a year earlier.
The median existing-home price rose to $363,300, in June, up 23.4% from a year earlier, setting a record high, NAR said, extending steady price increases amid limited inventory.
wsj.com-US Median Home Price Hit New High in June
7/21/21 Magazine.Realtor “Study: Showings Plummet After First 5 Days on Market ”
magazine.realtor-Study Showings Plummet After First 5 Days on Market
7/22/21 “Variant scare causes mortgage rates to fall to 2.78% ” Author
housingwire.com-Variant scare causes mortgage rates to fall to 278
The above article,“Headline Real Estate News”, was compiled and prepared by David Fialk, Realtor Emeritus, and who regularly posts real estate articles of interest for home buyers, home sellers and homeowners.
Licensed Since 1971, David Fialk is a Licensed Real Estate Broker in North Carolina (Intracoastal Realty, Wilmington 28411) and Broker Salesperson in New Jersey (Coldwell Banker Residential Realty, Metuchen 08840) and has helped more than 1800 Families Move across Town… Throughout the State… and Across the Country!
Planning on purchasing real estate? Thinking of selling your home? For real estate information “You Can Rely On, Contact the REALTOR You Can Rely On”.
David can be reached via email or by phone at 910-859-0200 or at www.DavidFialk.com.
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