According to national property broker Redfin, the number of homes for sale hit an all-time low during the week ending November 28, 2021. During that period, sustained demand pushed the median home price to another record high, and a third of homes sold in one week or less.
According to national property broker Redfin, demand for second homes in the U.S. was up 70% from pre-pandemic levels in October 2021. This outpaced August's 48% gain but below January's record 91% growth.
Contract activity rose month-over-month in each of the four major U.S. regions. On a year-over-year basis, however, transactions were split, as two regions reported drops and two others posted gains.
Based on a new CBRE Retail Property Management survey at 16 of the malls and large-format retail centers that it manages across the U.S. found the following regarding results from this past Thanksgiving weekend.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending November 19, 2021, U.S. mortgage applications increased 1.8 percent from one week earlier.
Posted on November 01, 2021