Miami Real Estate News
Miami
Despite 2020 COVID Outbreak, U.S. Home Sales Enjoyed Most Activity Since 2006
Existing U.S. home sales rose in December, with total home sales in 2020 reaching their highest level since 2006. Activity in the major regions was mixed on a month-over-month basis, but each of the four areas recorded double-digit year-over-year growth in December.
Million Dollar Cities in U.S. See Massive Surge from 2020 Pandemic
According to Zillow, although the typical value of a home in the United States is about $263,000, the number of "million-dollar cities" spiked sharply in 2020.
Mortgage Loans in Forbearance Dips to 5.46 Percent in U.S.
The Mortgage Bankers Association's latest Forbearance and Call Volume Survey is reporting this week that the total number of U.S. loans now in forbearance decreased from 5.53% of servicers' portfolio volume in the prior week to 5.46% as of January 3, 2021.
Home Affordability in the U.S. Worsened in Late 2020
According to ATTOM Data Solutions latest U.S. Home Affordability Report, median home prices of single-family homes and condos in the fourth quarter of 2020 were less affordable than historical averages in 55 percent of counties.
Miami Property News
Driven by the Affluents' Fear of COVID, Luxury Home Sales Explode in U.S.
Posted on December 24, 2020
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