Seattle Real Estate News
Seattle
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.
Driven by COVID, 63 Percent of U.S. Homebuyers Made Offers Sight Unseen in 2020
National U.S. property broker Redfin is reporting this week that nearly two thirds (63%) of people who bought a home last year made an offer on a property that they hadn't seen in person, the highest share since at least 2015.
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.
