June 26 - Back in 2008 everybody was focused on foreclosures,, but in 2021 I have yet to get a single question about them.
June 29 - The latest S&P / Case-Shiller® Home Price Index® numbers were published today. They cover home sales during the period February 2020 to April 2021. As such they do not include all of the extremely high rates of appreciation that we experienced during the second quarter of 2021, but they are starting to show rapid price gains..
Should Buyers Wait to Buy?
Median Sales Price $390K, up 32% from 2020
For the second week running, we have all 17 cities moving in the same direction over the last month - favorable to buyers. The cooling trend is becoming more apparent as inventory levels start to recover from the extreme lows reached 3 or 4 months ago. Sales counts remain very healthy but the number of listings under contract is in a falling trend meaning that demand is in decline, albeit a very mild decline.
July 5 - The monthly median sales price in May 2021 was $390,000.