National News

Median home sales price nears record-high

The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.

Home sizes expected to rise in post-COVID world

After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.

NAR finds fewer Black Americans own homes than other groups

NAR put together its “Snapshot of Race and Home Buying in America” report to study the hurdles that persistently block minorities from owning homes.

Low-income housing doesn’t hurt home prices

The study dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.

Rate of homebuyers who are outbid doubles

The top reason why long-time searchers have not purchased a home is because 40% say they were outbid.

Mortgage delinquency rates higher than 2019, but dropping

“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic.

Vacation home sales skyrocketing

The trend of purchasing a second home has sent home prices in seasonal towns skyrocketing in value by 19% for the year ending December 2020.

Guaranteed Rate Super Bowl ad inspires positivity

The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.

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