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From Demand Being Higher than Supply to Low Mortgage Rates and More, 2021 is Shaping Up to Be an Interesting Year for Home Buyers ATLANTA, GA / ACCESSWIRE / May 13, 2021 / The founders of Moreira Team
Fixed home loans have never been cheaper, which raises the question of whether now is the time to think about locking in, or could they get cheaper still? The Business asked the experts what they think.
The Atlantic
In America’s largest, richest cities, home prices and rents are going in opposite directions.
March 5, 2021
Joe Munroe / Hulton Archive / Getty / The Atlantic
If you think the U.S. housing market is behaving very, very strangely these days, that probably means you’re paying attention.
In almost any other year, a weak economy would cripple housing. But the flash-freeze recession of 2020 corresponded with a real-estate boom, led by high-end purchases in suburbs and small towns. Even stranger, in America’s big metros, home prices and rents are going in opposite directions. Home values increased in all of the 100 largest metros in the U.S., according to Zillow data. But in some of the richest cities San Jose; Seattle; New York; Boston; Austin; San Francisco; Washington, D.C.; Los Angeles; and Chicago rent prices fell, many by double-digit percentages. In many cases, the gap was absurdly large. In San Jose last year, home prices rose by 14 percent (the sixth-larges
Read more about US home prices rise 10.1% in Dec, fastest since 2014 due to low rates on Business Standard. U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs.The S and P CoreLogic Case-Shiller 20-city home price index, released