Dallas Real Estate News
Dallas
Single Family Starts in U.S. Uptick in May
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 3.6 percent in May 2021 to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading.
Homeownership Affordability Challenges Continue in 2021
Americans trying to buy a home in 2021 are slowed down by escalating bids from other buyers and challenges finding homes they can afford, according to survey results from National Association of Home Builders's most recent Housing Trends Report.
2.1 Million U.S. Homeowners Still in Mortgage Forbearance Plans in May
According to the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of U.S. loans now in forbearance decreased by 1 basis point from 4.19% of servicers' portfolio volume in the prior week to 4.18% as of May 23, 2021.
Pending Home Sales Dip 4.4 Percent in April
According to the National Association of Realtors, U.S. pending home sales took a step backward in April 2021. All four U.S. regions recorded year-over-year increases, but only the Midwest witnessed month-over-month gains in terms of pending home sales contract transactions.
