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Why You Should Wait Out the Wild Housing Market

Rising inventory is one of several signs that we may have reached peak ludicrousness. ....

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Why Are Housing Prices Up, and Rents Down?

The Atlantic
In America’s largest, richest cities, home prices and rents are going in opposite directions.
March 5, 2021
Joe Munroe / Hulton Archive / Getty / The Atlantic
If you think the U.S. housing market is behaving very, very strangely these days, that probably means you’re paying attention.
In almost any other year, a weak economy would cripple housing. But the flash-freeze recession of 2020 corresponded with a real-estate boom, led by high-end purchases in suburbs and small towns. Even stranger, in America’s big metros, home prices and rents are going in opposite directions. Home values increased in all of the 100 largest metros in the U.S., according to Zillow data. But in some of the richest cities San Jose; Seattle; New York; Boston; Austin; San Francisco; Washington, D.C.; Los Angeles; and Chicago rent prices fell, many by double-digit percentages. In many cases, the gap was absurdly large. In San Jose last year, home prices rose by 14 percent ....

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New home sales in U.S. jump 4.3% in January

The Globe and Mail
Matt Ott
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This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Demand for new homes in the U.S. surged 4.3% in January as the housing market remains one of the strongest segments of the economy.
Last month’s increase pushed sales of new homes to an adjusted annual rate of 923,000, the Commerce Department reported Wednesday. That’s much stronger than the 855,000 economists were expecting. December’s new home sales figure was revised higher as well, from 842,000, to 885,000. ....

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US December home prices rise most in 7 years amid housing-market boom

Phoenix, Seattle, and San Diego saw the biggest home-price increases among the 19 cities surveyed in December, according to the Case-Shiller index. ....

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How the Rollout of COVID-19 Vaccines Could Help—and Hurt—the U.S. Housing Market

How the Rollout of COVID-19 Vaccines Could Help-and Hurt-the U.S. Housing Market
How the Rollout of COVID-19 Vaccines Could Help-and Hurt-the U.S. Housing Market
Now as the vaccines are being rolled out, home buyers and sellers are eager to take real estate s temperature. Will prices cool? Will cities come back?
Clare Trapasso, provided by
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The coronavirus pandemic and the ensuing financial crisis have caused immeasurable hardship and pain across the U.S. Paradoxically enough, the crisis has also served as a turbocharged shot to the housing market. Feverish buyers rushed into the market just as COVID-19-shy sellers pulled their homes off forcing buyers into bidding wars and pushing prices up to new heights. Recession be damned. ....

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