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Your weekly news & updates
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Pending Home Sales Down 4.4% in April
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The National Association of Realtors is reporting that pending home sales were down 4.4% in April, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped 4.4% to 106.2. Click here to read more.
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U.S. House Prices Rise 12.6%
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According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI) Quarterly Report, U.S. house prices were up 12.6% from the first quarter of 2020 to the first quarter of 2021. Click here to read more.
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New Home Sales Take Hit from Higher Building Costs
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We recently posted about how sales of new single-family houses were down 5.9%. The NAHB’s Eye on Housing says higher building costs, longer delivery times, and general unpredictability in the residential construction supply-chain are now having measurable impacts on
prices. Click here to read more.
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Paycheck Protection Program Closed
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As of May 31, the SBA’s Paycheck Protection Program (PPP) was closed to new applicants. However, the Small Business Administration’s says existing borrowers may be eligible for PPP loan forgiveness. Click here to read more.
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Zumper’s National Rent Report for June ’21
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Rental information site Zumper recently released their monthly National Rent Report showing that their median national rent for 1-bedroom apartments was $1,254 and the median two-bedroom rent was $1,544. Click here to read more.
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Half of Homes Are Selling Above List Price
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Redfin says that a record high of 50% of homes sold for more than their listing price, up 23 percentage points from the same period one year earlier. Click here to read more.
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Exit Planning and Adjusting Your Expectations in a Hot Market
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On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talked with Allison Koetsier about why it’s important to have a clear investment strategy & goal, the biggest mistake she sees first-time investors make, and why you need to build a great
team. Click here to read more.
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