Tag Archives: Median Home Prices

Housing Market & Residential Lending Forecast August 2021

Fortunately Fannie Mae and the MBA release monthly forecasts for residential lending volumes, new and existing home sales and interest rates.  They do not, however, look through the same glasses when prognosticating the future, however.  Core to housing and residential lending are interest rates that remained below 2.9 percent once again this week according to …Read more

The Ugly Trifecta Facing Homebuilders — May 2021 New Home Sales

Homebuilders face a trifecta of impediments – not winnings – with new home construction being hindered by shortages of workers, materials (including appliances, fixtures, HVAC and even hot-water tanks) and developed residential building lots.  As a result, May new home sales slid for the second month in a row sequentially from the prior month using …Read more

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