The US housing market is far from crashing in 2021 or 2022. In fact, it continues to play an important supportive role in the country’s economic recovery. Current economic conditions resemble a “swoosh” pattern, with the initial impact from the lockdown followed by a gradual recovery as the economy reopens.
Nearly 75% of the 100 largest housing markets in the U.S. saw annual home price growth of 10% or more,
Nearly 75% of neighborhoods (ZIP codes) rated either “Strong” or “Hot” based on underlying market metrics.
It now takes 20% of the median household income to make monthly payments on an average-priced home – back to the 5-year average but still stronger than the 20-year average of 23.4%.
Thus far in 2021, new listing volumes have failed to make up for the shortfall of 2020 and were down 16% and 21% year-over-year in January and February, respectively.
The 125,000 fewer listings over the first two months of 2021 compared to 2020 have pushed for-sale inventory 40% below last year’s level and trending in the wrong direction.
https://www.noradarealestate.com/blog/housing-market-predictions/
'picture is worth a thousand words'
Nearly 75% of the 100 largest housing markets in the U.S. saw annual home price growth of 10% or more,
Nearly 75% of neighborhoods (ZIP codes) rated either “Strong” or “Hot” based on underlying market metrics.
It now takes 20% of the median household income to make monthly payments on an average-priced home – back to the 5-year average but still stronger than the 20-year average of 23.4%.
Thus far in 2021, new listing volumes have failed to make up for the shortfall of 2020 and were down 16% and 21% year-over-year in January and February, respectively.
The 125,000 fewer listings over the first two months of 2021 compared to 2020 have pushed for-sale inventory 40% below last year’s level and trending in the wrong direction.
https://www.noradarealestate.com/blog/housing-market-predictions/
'picture is worth a thousand words'
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
