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.
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.
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.
U.S. property broker Redfin is reporting this week that the median home-sale price increased 18% year over year to $344,625--an all-time high.
According to the National Association of Realtors, existing-home sales fell in March 2021, marking two consecutive months of declines.
Posted on April 02, 2021
Posted on April 01, 2021
Posted on March 25, 2021