Current Market Data

Housing observers expect February job gains to continue
Housing observers expect February job gains to continue

“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.

Black Knight: Mortgage forbearances finish February with weekly increase
Black Knight: Mortgage forbearances finish February with weekly increase

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.

New home listings fall as median prices increase
New home listings fall as median prices increase

New home listings nationwide fell 17% from last year, while median home sale prices are up 15%, according to a recent Redfin report.  

Pending home sales hit record high in January
Pending home sales hit record high in January

The all-time high for January comes as limited supply cut pending transactions on a monthly basis, the association said.

Bidding wars increase in local home sales
Bidding wars increase in local home sales

Redfin homes on the market in Seattle faced bidding wars in January at a rate of 73.8%, up from 66.5% in December 2020.

Rental prices up in most major markets
Rental prices up in most major markets

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

Seattle named 8th priciest metro for homebuyers in 2020
Seattle named 8th priciest metro for homebuyers in 2020

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

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