® Housing Market Recovery Index, which was created to measure the pandemic s impact on the housing market by tracking movement in new listings, buyer demand, time on market and prices, stood at 101.6 for the week ended March 6. Aside from new listings, which remain below the pre-COVID baseline, the market is tracking ahead of pre-pandemic levels at the end of January 2020. The housing market bounced back so much faster than other sectors of the economy that many have forgotten that housing activity slowed to a crawl during the early days of the pandemic, said realtor.com
® Chief Economist Danielle Hale. One year later, the demand for housing remains strong, while supply remains limited.
/PRNewswire/ Renters, much like homeowners, are favoring smaller more affordable markets that offer highly rated schools, strong local economies and more.
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SANTA CLARA, Calif., Feb. 4, 2021 /PRNewswire/ If January provides any insight into what to expect this spring, home shoppers are in for another fiercely competitive home-buying season with record low inventory pushing prices higher and homes selling more quickly, according to the realtor.com
® Monthly Housing Trends Report released today, which shows buyers returning to the market in earnest at the start of the year. Demand for housing was already strong coming into the year and we don t see that slowing down with millennials reaching prime home-buying age, and many remote workers still in the market for more space, said realtor.com
Moving Home Could Help Renters Save for a Down Payment in Less than Two Years
Realtor.com® analysis shows home ownership may be within reach for young people able to channel would-be rent into savings Based on U.S. median one-bedroom rent, it would take 11 months to save for a 5% down payment for the median priced home in the U.S. Eleven months of rent savings is enough to accumulate a 5% down payment for a $327,000 home in Chicago It takes the longest nearly 22 months of rent savings to save for a 5% down payment for a median priced home in Los Angeles
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SANTA CLARA, Calif., Jan. 15, 2021 /PRNewswire/ Searches of homes in ski towns were up nearly 36% year-over-year in the fourth quarter of 2020, according to a new report from realtor.com
®. Much of the increased demand is coming from residents of cold weather, Northern states, often referred to as Snowbirds, as they search for homes with outdoor recreation options closer to home during pandemic. Historically, residents of the Midwest and Northeast have shown a preference for warmer cities, and contributed to much of the out-of-state demand in homes in sunny states, such as Florida, said realtor.com