Pending Home Sales in U.S. Grow 2 Percent in March

According to the National Association of Realtors, U.S. pending home sales increased in March 2021, snapping two consecutive months of declines. All but one of the four major U.S. regions experienced month-over-month gains in March, while each area recorded year-over-year growth.

Spiking Lumber Prices in U.S. Added $36,000 to New Home Prices in 2021

According to the National Association of Home Builders, soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872.

Black Wealth May Grow by $500 Billion from U.S. Housing Gains in Coming Decade

Based on new research by Zillow, incremental increases in U.S. homeownership rates and home values among Black households would help shrink the current $3 trillion racial wealth gap by hundreds of billions of dollars over the next decade.

Share of U.S. Mortgages in Forbearance Dips to 4.5 Percent in Mid April

According to the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of loans now in forbearance decreased by 1 basis point from 4.50% of servicers' portfolio volume in the prior week to 4.49% as of April 18, 2021.

Jacksonville Property News

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