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This Week In Real Estate.
According to ATTOM Data Solutions This Week in Real Estate more than one in four homes were considered “equity rich” in the third quarter as U.S. home prices in September experienced the fastest annual acceleration since May 2014. Below are a few newsworthy events from the first week of November that influence our business: * U.S. Home Price Appreciation Hits 6-Year High in September. Based on CoreLogic's latest Home Price Index, U.S. home prices increased 6.7% in September 2020, compared with September 2019, marking the fastest annual acceleration since May 2014. "Housing continues to be a bright spot during an otherwise challenging economic time for many U.S. households," said Frank Martell, president and CEO of CoreLogic. Home-purchase demand maintained pace in the late summer compared to previous years, as record-low mortgage rates continue to motivate prospective homebuyers, including first-time buyers and homeowners looking to trade-up ...
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This Week in Real Estate
According to the U.S. Census Bureau This Week in Real Estat e the homeownership rate reached its second highest level in the third quarter with all four regions of the country experiencing annual increases. While the National Association of Realtors September Pending Home Sales Index realized a modest 2.2% decrease from August it was 20.5% higher than the prior year. Below are a few newsworthy events from the fourth week of October that influence our business: * Pending Home Sales Fall Back to the 2 nd Highest Level on Record. Pending home sales faltered a bit in September, like new home sales announced earlier this week, the decline ended a four-month winning streak. The National Association of Realtors® (NAR) said that its Pending Home Sales Index (PHSI) fell to 130.0, a 2.2 percent retreat from the August level. However, it is still 20.5 percent higher than in September 2019 and retained double digit annual growth in all regional indices. "The...