Home prices in the United States have been on an upward tear over the past year and change, a trend driven by high demand for houses, stiff competition among buyers and a limited supply of properties. Newly released data from Redfin shows the national median home sale price increased 16% year over year to $361,225. […]
One of the defining features of the surging U.S. housing market during the coronavirus pandemic has been the commonality of bidding wars for homes. The trend has contributed to the staggering rate of home price increases across the country, where the nationwide median single-family existing-home sales price climbed a record 22.9% during the second quarter […]
Any assessment of the U.S. housing market over the past year and change would be remiss to leave out the unique circumstances created by the coronavirus pandemic. Soaring prices, voracious demand and sustained low interest rates have not been such powerful market forces in a vacuum. They reflect the period we’ve been living through, one […]
The frenzied state of the U.S. real estate market has been subject to analysis from practically every angle, from the rise of vacation homes in Florida to the allure of low interest rates. We’re experiencing an unusually supercharged market in the context of a pandemic that has only served to grease its wheels as buyers […]
Making smart real estate investments is all about accurately forecasting future events, even when present circumstances point to risk. Despite a virtual shutdown during first six weeks of the pandemic in 2020, the U.S. housing market bounded back into action with an unleashed glut of demand. It has been in high gear ever since, with […]
There has never been a better time for innovation in the mortgage tech and proptech space with the high-octane U.S. housing market continuing to create new pressures for buyers and sellers. A Seattle-based company called Flyhomes, a startup that launched five years ago, just raised $150 million in Series C funding and has been valued […]
Home prices in the United States are rising at the fastest rate since 2005 and nearly half of those placed on the market go pending in less than a week. The U.S. housing market is an inferno. If you’re thinking about selling your house, logic would seemingly suggest there’s probably no better time than now, […]
The ransomware attack on Colonial Pipeline, the nation’s largest refined fuel line running from Texas to the Northeast, has sent consumers scrambling to the gas pumps in a panic over the past several days. Demand for fuel was up 32.5% on the East Coast on Monday — and AAA reported that the nationwide average gas […]
More than 40% of the U.S. population has now received at least one dose of a COVID-19 vaccine. Cities like New York are saying they will fully reopen in July. For the first time in over year, it appears that progress against the pandemic may be truly turning the tide. For many American workers and […]
It often seems as if everywhere we look in the commercial real estate sector, the coronavirus pandemic has either plunged the market or introduced a type of lingering uncertainty that would rightfully scare off some investors. But as with anything else in life, necessity tends to drive up the value of whatever is dictated by […]
