Zillow's latest research shows the U.S. housing market gained nearly $2.5 trillion in value in 2020 -- the most in a single year since 2005. The full stock of U.S. housing is now worth $36.2 trillion.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending January 22, 2021, U.S. mortgage applications decreased 4.1 percent from one week earlier.
The Real Estate Board of New York is reporting this week that total construction activity in 2020 was the City's lowest in nearly a decade, highlighting the urgent need for robust infrastructure investment to help get new construction projects off the ground.
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.
Posted on January 25, 2021
Posted on December 14, 2020