Philadelphia Real Estate News
Philadelphia
New Listings in U.S. Fall 17 Percent as Home Prices Rise 15 Percent
According to U.S. property broker Redfin, the median home sale price increased 15% year over year to $321,250. "The housing market is now like a Soviet-era supermarket, with most of the shelves empty"
Pending Home Sales in U.S. Slip 3 Percent in January
According to the National Association of Realtors, pending home sales in the U.S. took a step backward in January 2021 as inventory constraints continue to hold back prospective buyers.
U.S. Mortgage Loans in Forbearance Declines to 5.2 Percent in Mid-February
The total number of loans now in forbearance decreased by 7 basis points from 5.29% of servicers' portfolio volume in the prior week to 5.22% as of February 14, 2021.
Black Homebuyers Twice as Likely for Mortgage Rejections Than White Buyers in U.S.
According to the National Association of Realtors, minority homeownership stubbornly lags behind the national rate, with Black Americans facing some of the toughest hurdles to achieving this essential part of the American Dream.
