The HomeArea.com Real Estate Market Monitor
Key Metrics and News for the Housing Industry in One Place

Market Indexes for May 2021

Months Supply

-63.25% YoY

At 1.13 (-3.66% MoM)
Historical

New Listings

+12.36% YoY

At 720,623 (-4.25% MoM)
Historical

Homes For Sale

-46.40% YoY

At 706,347 (-3.51% MoM)
Historical

New Construction

+32.62% YoY

At 142,300 (-9.88% MoM)
Historical

Home Sales

+45.86% YoY

At 623,567 (+0.15% MoM)
Historical

Sale Price

+26.09% YoY

At $377,000 (+2.45% MoM)
Historical

Sale Price Per Sqft

+28.48% YoY

At $203 (+1.50% MoM)
Historical

30yr-Fixed Mortgage

-8.36% YoY

At 2.96% (-3.27% MoM)
Historical

Headlines

Wholesale lenders special reports

Jun 30, 2021 via housingwire.com The ten companies featured in this section offer solutions to help brokers handle high volumes so they can close loans faster and more efficiently. The post Wholesale lenders special reports appeared first on HousingWire.

New American Funding to expand nationwide

Jun 30, 2021 via housingwire.com New American Funding is increasing its national footprint to include the Northeast, Southeast, Midwest, Southwest, and Mid-Atlantic. The post New American Funding to expand nationwide appeared first on HousingWire.

Fires threaten nearly 40% of all Utah homes

Jun 30, 2021 via housingwire.com A stunning two out of every five homes in Utah face high fire risk -- that's more than 400,000 current properties, according to Redfin. The post Fires threaten nearly 40% of all Utah homes appeared first on HousingWire.

American Express is sending customers to fintech partners for mortgages

Jun 30, 2021 via cnbc.com American Express has two new fintech partners its sending customers to for mortgages.

FHFA to allow interest rate reductions

Jun 30, 2021 via housingwire.com The FHFA will allow borrowers with mortgages backed by the government sponsored entities to reduce their interest rates. The post FHFA to allow interest rate reductions appeared first on HousingWire.

Trump Organization expects to be charged Thursday in Manhattan criminal case

Jun 30, 2021 via cnbc.com The Trump Organization has been told to expect that criminal charges will be filed against the company belonging to former President Donald Trump.

Supreme Court upholds CDC eviction ban

Jun 30, 2021 via housingwire.com In a split decision, the Supreme Court denied a request from a group of Alabama real estate agents to block the eviction ban. The post Supreme Court upholds CDC eviction ban appeared first on HousingWire.

Home sales rebounded last month to highest level since 2005, shocking even the Realtors

Jun 30, 2021 via cnbc.com In a surprising rebound, pending home sales jumped to the highest level since 2005.

As housing boom begins to fizzle, weekly mortgage demand falls nearly 7%

Jun 30, 2021 via cnbc.com Weekly mortgage demand fell to the lowest level in almost a year and a half, as home prices sideline more buyers.

Young Adults Who Saved During the Pandemic Likely to Put it Toward a Down Payment

Jun 30, 2021 via zillow.com About 3-in-5 young adults plan to use money saved during the pandemic toward a down payment on a home, according to a Zillow survey. The post Young Adults Who Saved During the Pandemic Likely to Put it Toward a Down Payment appeared first on Zillow Research.

How to Protect Your Home While on Summer Vacation: 14 Home Security Tips

Jun 30, 2021 via redfin.com It's important to know how to protect your home while you're on summer vacation. These 14 home security tips can help keep your home safe when you're away. The post How to Protect Your Home While on Summer Vacation: 14 Home Security Tips appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Coldwell Banker CEO says investors snatching up homes is not a driving force in hot housing market

Jun 29, 2021 via cnbc.com Investors buying homes is "something to watch" but it's not the main fuel for the current hot housing market, Coldwell Banker CEO Ryan Gorman told CNBC.

FHFA won't give servicers break on CFPB rule

Jun 29, 2021 via housingwire.com The Federal Housing Finance Agency (FHFA) is requiring Fannie Mae and Freddie Mac servicers to follow the Consumer Financial Protection Bureau's (CFPB) new foreclosure rule a full month before it goes into effect. The move clarifies how servicers should approach the month-long gap between the foreclosure moratorium expiration at the end of July, and the […] The post FHFA won’t give servicers break on CFPB rule appeared first on HousingWire.

April 2021 Case-Shiller Results & Forecast: No Sign of Slowing

Jun 29, 2021 via zillow.com The forces that have propelled home price growth to new highs over the past year remain in place and are offering little evidence of abating. The post April 2021 Case-Shiller Results & Forecast: No Sign of Slowing appeared first on Zillow Research.

Are higher-risk homes cheaper?

Jun 29, 2021 via housingwire.com The threat of natural hazard risk in United States is on the rise. According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. But what effect does climate change have on real estate--or, specifically, on a home's property value? The post Are higher-risk homes cheaper? appeared first on HousingWire.

House price increases still growing: FHFA

Jun 29, 2021 via housingwire.com The Federal Housing Finance Agency (FHFA) found that house prices across the nation rose 16% from April 2020 to April 2021. The post House price increases still growing: FHFA appeared first on HousingWire.

Home prices surged in April at a 'truly extraordinary' rate, S&P Case-Shiller says

Jun 29, 2021 via cnbc.com Home prices in April saw an annual gain of 14.6%, up from a 13.3% increase in March, the S&P CoreLogic Case-Shiller National Home Price Index says.

Case-Shiller: April home price increase 'truly extraordinary'

Jun 29, 2021 via housingwire.com Home prices in April saw an annual gain of 14.6% in April -- up from a 13.3% increase in March, per the latest Case-Shiller National Home Price Index. The post Case-Shiller: April home price increase ‘truly extraordinary’ appeared first on HousingWire.

CFPB beefs up protections for struggling homeowners, but will not ban foreclosures

Jun 29, 2021 via cnbc.com CFPB won't ban foreclosures this year, but plans to set up additional safeguards to ensure a measured process after forbearance programs end.

0% Down home loan proposed for teachers, first responders

Jun 29, 2021 via themortgagereports.com A new bill aims to create a zero-down home loan program for teachers, firefighters, police, and other first responders. Here's what you should know.

How to Protect Your Home From Flooding: 9 Tips to Follow

Jun 29, 2021 via redfin.com Whether you live in a high-risk flood zone or not, your home may be at risk of flood damage. Here are nine steps you can take to start protecting your home from flooding today. The post How to Protect Your Home From Flooding: 9 Tips to Follow appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

CFPB's roadmap for the forbearance exit

Jun 28, 2021 via housingwire.com The Consumer Financial Protection Bureau (CFPB) today released extensive mortgage servicing regulations it hopes will prevent "unwelcome surprises" for borrowers exiting forbearance. The post CFPB’s roadmap for the forbearance exit appeared first on HousingWire.

The appraisal industry's hidden hand

Jun 28, 2021 via housingwire.com Appraisers decry them as counterproductive, even exploitative middlemen, while lenders offer a pat on the back for keeping them one step ahead of government auditors. We take a deep dive into the world of appraisal management companies. HW+ Premium Content The post The appraisal industry's hidden hand appeared first on HousingWire.

Getting into the rental game? Consider this before building an apartment over the garage

Jun 27, 2021 via cnbc.com Depending on where you live, converting a portion of your property into a garage apartment or granny flat could be savvy money move during the housing boom.

The future of home ownership is Latino

Jun 26, 2021 via cnbc.com Latino buyers are expected to comprise 70% of homeownership growth from 2020-2040, serving as the growth engine of America's residential real estate market.

10 Backyard Additions to Create the Ultimate Home Oasis This Summer

Jun 25, 2021 via redfin.com There are many ideas to transform your backyard into something beautiful. With summertime starting and warmer weather ahead, check out these 10 backyard additions to liven up your home this summer. The post 10 Backyard Additions to Create the Ultimate Home Oasis This Summer appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

LGBTQ+ Homeowners Stretch Smaller Homes to Fit Parents, Pets and Renters

Jun 25, 2021 via zillow.com LGBTQ+ homeowners are younger, more urban, and more likely to both live in smaller homes and share those homes with others than hetero/cisgender peers. The post LGBTQ+ Homeowners Stretch Smaller Homes to Fit Parents, Pets and Renters appeared first on Zillow Research.

Homebuyers, it's time to go to war

Jun 25, 2021 via housingwire.com Are you shopping for a home in today's seller's market? Be prepared for a bidding war. But don't worry, you can win by getting pre-approved and making a strong offer. The post Homebuyers, it’s time to go to war appeared first on HousingWire.

'The eviction moratorium is killing small landlords,' says one, as ban is extended another month

Jun 25, 2021 via cnbc.com The one-month extension of the CDC's eviction moratorium on Thursday was welcome news to tenants but another nail in the coffin for some struggling landlords.

iBuying rebounds in Q1, up 20% from end of 2020

Jun 25, 2021 via housingwire.com The nation's top iBuying companies purchased 4,383 homes in the first quarter of 2021 -- up 20.6% from the prior quarter, per Redfin. The post iBuying rebounds in Q1, up 20% from end of 2020 appeared first on HousingWire.

Biden taps Julia Gordon to be FHA commissioner

Jun 24, 2021 via housingwire.com The Biden administration has nominated Julia Gordon to serve as federal housing commissioner at HUD, where she would head the FHA. The post Biden taps Julia Gordon to be FHA commissioner appeared first on HousingWire.

Biden nominates CFPB's Uejio to HUD role

Jun 24, 2021 via housingwire.com Acting CFPB Director Dave Uejio was nominated to be an assistant secretary of HUD. The nomination suggests the Biden administration may have the Senate votes to finally confirm Rohit Chopra as director The post Biden nominates CFPB’s Uejio to HUD role appeared first on HousingWire.

TitleWave launches Colorado branch

Jun 24, 2021 via housingwire.com TitleWave Real Estate Solutions of Florida has announced a new location in Colorado, as well as the launch of its title and search report technology. The post TitleWave launches Colorado branch appeared first on HousingWire.

Lenders, don't overlook real estate investors

Jun 24, 2021 via housingwire.com Once interest rates rise (and they are ticking up), conventional originators will be flooding the purchase market at the same time -- and with inventory at record lows, there will be fierce competition for the same loan. Right now, however, there is an often-overlooked source of business that has the potential for brokers and originators: the real estate investor channel. The post Lenders, don’t overlook real estate investors appeared first on HousingWire.

Biden renews foreclosure ban one last time

Jun 24, 2021 via housingwire.com The Biden administration today re-upped the foreclosure ban for federally backed mortgages for a final month. The post Biden renews foreclosure ban one last time appeared first on HousingWire.

engage.marketing 2021

Jun 24, 2021 via housingwire.com ALL EYES ON PURCHASE In 2021, all housing professionals must be focused on the 3 P's: Process, Profitability and Purchase. PPP may have meant something different in 2020, but this year the 3 P's are the guiding light to long-term mortgage success and domination. The ratios flipped last year. Strong purchase lenders that historically did […] The post engage.marketing 2021 appeared first on HousingWire.

Executing a Successful Content Strategy

Jun 24, 2021 via housingwire.com HousingWire Editor-In-Chief, Sarah Wheeler, sits down with Brian Rieger, co-founder and CEO at Content Beacon, and Kirk G. Willison, vice president at Arch Mortgage Insurance Company, to walk attendees through the process of creating a successful content strategy. HW+ Premium Content The post Executing a Successful Content Strategy appeared first on HousingWire.

Social Media Master Class: TikTok

Jun 24, 2021 via housingwire.com "That Mortgage Guy" on TikTok, Scott Betley, who is also a loan officer at NFM Lending, shares how he has amassed thousands of leads through the platform. The post Social Media Master Class: TikTok appeared first on HousingWire.

Social Media Master Class: LinkedIn/Clubhouse

Jun 24, 2021 via housingwire.com Judi Fox, a LinkedIn business coach, shows attendees the latest strategies and updates on LinkedIn and share a few insights on managing a professional social media platform. HW+ Premium Content The post Social Media Master Class: LinkedIn/Clubhouse appeared first on HousingWire.

Social Media Master Class: Instagram

Jun 24, 2021 via housingwire.com Instagram expert Chelsea Peitz shows attendees the latest strategies on how to grow your brand through the platform. HW+ Premium Content The post Social Media Master Class: Instagram appeared first on HousingWire.

Marketing to reach a diverse audience

Jun 24, 2021 via housingwire.com HousingWire Editor-In-Chief, Sarah Wheeler, sits down with Jake Fehling, Keosha Burns, and Teressa Lurk as they share some of the ways attendees can grow a diverse audience portfolio. HW+ Premium Content The post Marketing to reach a diverse audience appeared first on HousingWire.

Building a personal brand/following

Jun 24, 2021 via housingwire.com HousingWire Managing Editor, Brena Nath, joins Brian Covey, Andrew Haberman, and Neel Dhingra to discuss the importance of building a personal brand., sharing actionable tips for attendees to execute on. HW+ Premium Content The post Building a personal brand/following appeared first on HousingWire.

You can now choose and design a newly built home and put it in your shopping cart, as big builders launch virtual homebuying

Jun 24, 2021 via cnbc.com Big builders are launching new programs where buyers can do the whole process online.

Renter Confidence Improves as Eviction Moratoria Near Expiration

Jun 24, 2021 via zillow.com 7 million+ renter households were behind on rent in June, but Zillow forecasts that only about 2.7 million are actually at risk of eviction. The post Renter Confidence Improves as Eviction Moratoria Near Expiration appeared first on Zillow Research.

Meet the man designing Google's futuristic new headquarters

Jun 24, 2021 via cnbc.com In 2012, British designer Thomas Heatherwick found himself having dinner with Google co-founder Larry Page at the billionaire's house in California.

The Fed doesn't need to worry about the hot housing market right now, Jim Cramer says

Jun 23, 2021 via cnbc.com The Federal Reserve doesn't need to try to cool down the hot U.S. housing market with higher rates, even as home prices keep rising, CNBC's Jim Cramer said.

Mortgage Rates Jump on Fed News, then Hold Steady

Jun 23, 2021 via zillow.com Mortgage rates jumped late last week in the immediate aftermath of recent statements from the Federal Reserve, before flattening in recent days. The post Mortgage Rates Jump on Fed News, then Hold Steady appeared first on Zillow Research.

Should You Buy a House with Popcorn Ceilings?

Jun 23, 2021 via redfin.com There are many variables that homebuyers, especially first-time homebuyers, must consider when purchasing a home. Factors such as location, schools, finances, the style of the home, and yes, whether the house has popcorn ceilings. Popcorn ceilings shouldn't be a deal-breaker, but it is one more variable to consider and what to look for when buying … Should You Buy a House with Popcorn Ceilings? Read More >> The post Should You Buy a House with Popcorn Ceilings? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

How to Make the Most Money When Selling Your Home

Jun 23, 2021 via redfin.com Before selling your home, it's essential to set the right strategy to stay ahead of the competition, especially in today's housing market. Here are some tips to ensure you sell your home for the highest possible price. The post How to Make the Most Money When Selling Your Home appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Biden to replace leader of Fannie Mae and Freddie Mac after high court's ruling

Jun 23, 2021 via cnbc.com The Biden administration will replace Mark Calabria as the leader of the Federal Housing Finance Agency, a massive housing finance agency, an administration official said.

Housing Prices

House Price Index

A weighted, repeat-sales index which measures average price changes on the same properties for single-family homes whose mortgages go through Fannie Mae or Freddie Mac.

Latest: 277.37 (August 2019), MoM change: +0.17%, YoY change: +4.61%

Source: Federal Housing Finance Agency

Sale Prices

Median Sale Price Latest: $377,000 (May 2021), MoM change: +2.45%, YoY change: +26.09%

Source: Redfin.com

Sale Price Per Square Foot

Median Price Per Square Foot Latest: $203 (May 2021), MoM change: +1.50%, YoY change: +28.48%

Source: Redfin.com

Sale to List Price

Latest: 102.22% (May 2021), MoM change: +0.67%, YoY change: +3.75%

Source: Redfin.com

Sold Above List Price

Latest: 53.57% (May 2021), MoM change: +9.59%, YoY change: +109.47%

Source: Redfin.com

Price Changes

Price Drops Latest: 7.87% (May 2021), MoM change: +13.37%, YoY change: -35.33%

Source: Redfin.com

Mortgage Rates

30-Year Fixed-Rate Loans

Only includes first-lien prime conventional conforming home purchase mortgages with a loan-to-value of 80 percent. For the past several decades, more than half of consumers choose 30-year, fixed-rate mortgages.

Rate Latest: 2.96% (May 2021), MoM change: -3.27%, YoY change: -8.36%

Points Latest: 0.70% (May 2021), MoM change: 0.00%, YoY change: 0.00%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS)

Listings

Active, New, and Sold Listings

Active Listings Latest: 706,347 (May 2021), MoM change: -3.51%, YoY change: -46.40%

New Listings Latest: 720,623 (May 2021), MoM change: -4.25%, YoY change: +12.36%

Home Sales Latest: 623,567 (May 2021), MoM change: +0.15%, YoY change: +45.86%

Source: Redfin.com

Months Supply

Latest: 1.13 (May 2021), MoM change: -3.66%, YoY change: -63.25%

Source: Redfin.com

Days on Market

Median Days On Market Latest: 16 (May 2021), MoM change: -15.79%, YoY change: -57.89%

Source: Redfin.com

New Construction

Housing Units Authorized by Building Permits

Only includes new, privately owned housing units in roughly 20,000 permit issuing places in the U.S. According to the Census Bureau, permit issuing places account for 98% of new construction. The data is not seasonally adjusted.

Latest: 142,300 (May 2021), MoM change: -9.88%, YoY change: +32.62%

Source: U.S. Census Bureau

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