Trends

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CoreLogic: Could 2021 be the first multi-trillion dollar real estate market?
CoreLogic: Could 2021 be the first multi-trillion dollar real estate market?

As more money is being spent on real estate than ever before, the booming market is on pace to shatter records this year, according to a recent CoreLogic report.

FHFA announces conforming loan limits for Fannie and Freddie mortgages
FHFA announces conforming loan limits for Fannie and Freddie mortgages

The Federal Housing Finance Agency (FHFA) recently announced its 2022 conforming loan limits (CLL) for conventional loans acquired by Fannie Mae and Freddie Mac.

Mortgage applications fall over Thanksgiving week as rates rise
Mortgage applications fall over Thanksgiving week as rates rise

“Despite higher mortgage rates, purchase applications had a strong week, mostly driven by a 6% increase in conventional loan applications.” — MBA associate vice president of economic and industry forecasting Joel Kan

Seattle buyers can’t get enough of its waterfront estate
Seattle buyers can’t get enough of its waterfront estate

Prices of Seattle waterfront homes are steadily rising, particularly in King County, where waterfront property has been historically expensive. 

Are investors to blame for low housing inventory?
Are investors to blame for low housing inventory?

Nationally, investors bought a record 18% of homes sold in the third quarter of this year, and they are increasingly turning to single-family homes, according to Redfin. 

Hot interior design trends for the new year, from Houzz
Hot interior design trends for the new year, from Houzz

The home remodeling platform Houzz has compiled their 2022 trend forecast: a list of 10 interior design predictions.

S&P CoreLogic Case-Shiller: Home-price gains take a pause
S&P CoreLogic Case-Shiller: Home-price gains take a pause

“If I had to choose only one word to describe September 2021’s housing price data, the word would be ‘deceleration. Housing prices continued to show remarkable strength in September, though the pace of price increases declined slightly.” — S&P DJI managing director Craig Lazzara.

Seattle home values rose 21.8% in October
Seattle home values rose 21.8% in October

While the housing market may be hotter than usual, the shift toward seasonal norms is starting to show and could benefit both buyers and renters. 

Pending-home sales rebound in October
Pending-home sales rebound in October

“Motivated by fast-rising rents and the anticipated increase in mortgage rates, consumers that are on strong financial footing are signing contracts to purchase a home sooner rather than later.” — NAR chief economist Lawrence Yun

Coldwell Banker survey gauges importance of homeownership among Americans
Coldwell Banker survey gauges importance of homeownership among Americans

As the economy recovers from COVID and the housing market gains traction, homeownership is top of mind for Americans, according to the latest survey from Coldwell Banker Real Estate LLC.

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