Monthly Market Recap: A Sunny Outlook for Housing
The latest market data is in and it confirms what we all knew, 2020 was a record-setting year for housing. 2021 has an equally positive outlook as experts anticipate economic conditions to improve with additional stimulus forthcoming and vaccine distribution underway. Check out our monthly market recap for a deep dive on the latest housing trends and data.
How a Faster Market Enabled More Home Sales in 2020, Despite Falling Inventory
Two seemingly contradictory forces were at work in the 2020 housing market, especially in the back half of the year. The number of closed home sales soared even as overall inventory plummeted. According to Zillow, “it’s a trend that, should it hold, could reset traditional understandings of what ‘normal’ inventory levels look like.”
A Stellar Quarter for Home Flipping
In case you missed it, we pulled the latest home flipping trends from ATTOM Data Solutions’ Q3 2020 Home Flipping Report into an easy-to-read infographic. Find out just how much gross profit the average house flip cleared in Q3 and where investors sold for at least double their purchase price on average.
10 Best Real Estate Podcasts for 2021
U.S. News released their top 10 real estate podcasts covering a wide range of topics. You’re sure to find something to keep you informed and entertained no matter where your interests lie — be it investing, design trends, housing policy or the latest market news.
Just Released: February 2021 National Rent Report
In the newly released 2021 rental data, Zumper reports that nationally rents continue to be down from a year ago in expensive, coastal cities but are up in historically cheaper cities throughout the Midwest and Southwest. Check out the interactive map with rent growth by city to see the trends in your market.
To Sell or To Rent? Key Guidelines to Consider
John Burns Real Estate Consulting provided a helpful infographic that breaks down the key guidelines to consider when analyzing a suburban development opportunity. Many of the same considerations come into play when analyzing an investment property and deciding if it lends itself to a fix-and-flip or fix-and-rent strategy.