Real Estate Investing on a Roll
Real estate investors bought a record-setting 18.2% or $63.6 billion worth of homes during the third quarter of 2021, up by 16.1% QoQ and 11.2% YoY,
Homebuyers: More Affordable Cities in 2022
Redfin predicts that more homebuyers will invest in affordable cities such as Columbus, Ohio; Harrisburg, Pennsylvania and Indianapolis.
Home Sales Remain Resilient
Existing-home sales increased 0.8% MoM in October, marking two consecutive months of growth, according to the National Association of Realtors.
Home-buying Pushes Mortgage Demand Up
Buyers are rushing in during the traditionally sluggish Christmas season in anticipation of higher rates in the future.
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Top Performing Housing Markets
The October Market Hotness rankings of Realtor.com still lists Manchester-Nashua in New Hampshire as the top spot on the list for the 11th time since March 2020.
Top Cities to Retire
Thirteen percent of American retirees are moving to Tennessee, according to a survey by a home services firm.
Credit Scores Reach All-Time High
Since the start of the pandemic, Americans’ FICO credit scores increased by eight points to 716.
Top Cities are Attracting Job Seekers
Cities in the South and West are now the hottest spots for job seekers who relocate for better work opportunities and lower cost of living.
Single-Family Homes are Getting Bigger
The median single-family square floor area has increased to 2,337 square feet as of the third quarter, which is 6.2% bigger since the lows reached during the Great Recession.
Multifamily Construction Sentiment Improves in 3Q
The NAHB’s Multifamily Market Survey reports that the Multifamily Production Index increased five points to 53 QoQ.
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