Winter homebuyers see intense demand, sellers gaining lightning speed sales, Lehigh Valley real estate agents say
Updated Jan 18, 2021;
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Winter home buying is expected to bring on more intense bidding wars as inventory levels continue to drop across the regional housing market, folks quarantining seek greater amenities, and mortgage rates hit near-record lows, Lehigh Valley real estate agents say.
For sellers, properties last month began selling at an average of just 19 days. It’s been an unusually active winter season. Sales typically start slowing down by mid-November, but this hasn’t been a typical season given the ongoing pandemic.
Grand Rapids Business Journal
Rate reduction.
The information was compiled by
Jack McHugh, editor of MichiganVotes.org, a project of the Mackinac Center for Public Policy.
Three senators and three representatives each missed 50 or more votes in 2020. But 12 senators and 60 representatives missed no votes this year.
Among those with a gold star for attendance in West Michigan were Democrat
Winnie Brinks and Republicans
Terry Sabo and Republicans
David LaGrand showed up on the more-than-50 list.
The 3,791 missed votes in 2020 is understandably up from recent years, as a number of lawmakers either spent time in quarantine or contracted the COVID-19 virus during the ongoing worldwide pandemic. Michigan lawmakers missed just 768 roll call votes in 2019.
Capital Region real estate market remains strong saratogian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saratogian.com Daily Mail and Mail on Sunday newspapers.
Illinois homebuyers push double-digit gains
Star Courier
SPRINGFIELD Holiday cheer began to spread throughout the statewide housing market in November as homes sales and median prices outpaced last year, continuing the positive rebound of the last half of 2020, data from Illinois REALTORS® shows.
Statewide home sales (including single-family homes and condominiums) in November totaled 14,370 homes sold, up 29.0 percent from 11,141 in November 2019.
The statewide median price in November was $230,000, up 15.0 percent from November 2019, when the median price was $200,000. The median is a typical market price where half the homes sold for more and half sold for less.
“Temperatures may be falling but the state’s housing market remained hot in November with double-digit gains in home sales and prices,” said Sue Miller, president of Illinois REALTORS® and designated managing broker of Coldwell Banker Real Estate Group in McHenry. “2020 has been a challenging year, but the
The Federal Home Loan Mortgage Corp. (Freddie Mac) announced earlier this week that, according to its Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage averaged 2.67 percent, which is the lowest rate in the surveyâs history which dates back to 1971.
âThe housing market continues to surge higher and support an otherwise stagnant economy that has lost momentum in the last couple of months,â said Sam Khater, Freddie Macâs Chief Economist. âMortgage rates are at record lows and pushing many prospective homebuyers off the sidelines and into the market. Homebuyer sentiment is sanguine and purchase demand shows no real signs of waning at all heading into next year.â