Tag Archives: Existing Home Sales

Best (and Worst) Markets for Real Estate Agents 2021 — WalletHub

Housing sales brokerage is big business.  The National Association of Realtors (NAR) reported  5.64 million existing home transactions in 2020 at an average price of $331,900.  This equates to $1.872 trillion in total sales.  EffectiveAgents® examines a large sample of transactions each year and found the average seller commission in 2020 was 5.656 percent.   At …Read more

Initial Unemployment Claims – Improving But Still Ugly

Jobs are everything to the economy.  Period.   While the U.S. lost 22.4 million jobs in March and April 2020, they have yet to recoup 8.2 million.  Unfortunately, employment numbers are released just once a month based on the Bureau of Labor Statistic’s Payroll or Establishment Survey.  That survey asks employers to report employee counts for …Read more

March 2021 Fannie Mae-MBA Forecast Summary

Each month Fannie Mae and the MBA release forecasts (both quarterly and annual) for housing and related lending.  This summarizes their latest outlook as of March 2021.  Interest Rates Not only do Fannie Mae and the MBA disagree on where interest rates are heading, they even see different average rates last year in 2020.  Fannie …Read more

New Home Sales January 2021

New home sales rose an estimated 19.3 percent on a seasonally adjusted annualized rate (SAAR) in January 2021 compared to one-year ago, and were up 4.3 percent sequentially from December 2020 according to the United States Census Bureau.  Total sales in January 2021 on a SAAR were an estimated 923,000.  Median new home price in …Read more

Existing Home Sales Enter 2021 in Throttle-Up Setting

Existing home sales rocketed-up 23.7 percent in January 2021 on a seasonally adjusted annualized rate (SAAR) of 6.69 million sales compared to the same period one-year ago according to the National Association of Realtors® (NAR).  It was the most homes sold on a SAAR since April 2006.   On a non-seasonally adjusted basis, the 367,000 homes …Read more