As 2020 nears its end, one of the more interesting developments to observe was how housing markets reacted to the events of this tumultuous year, namely, the Covid-19 pandemic. Rather than simply damaging or dampening housing activity, the pandemic’s impact has been much more complex. Combined with historically low interest rates — itself a response to the pandemic’s initial impact back in March — many housing markets in the United States have been very hot in 2020. READ MORE… Realtor.com’s top 10 housing markets for 2021 have substantial momentum from 2020 which they will carry into 2021. Still low mortgage rates throughout most of the year help these markets see price…

Phoenix will be America’s second-hottest housing market in 2021, topping a list of mostly Sun Belt cities expected to continue heating up faster than the nation’s large coastal markets, according to a new Zillow survey of experts. Coming in at No. 1 on the list of America’s hottest housing markets in 2021: Austin, Texas. READ MOIRE…

February 4, 2021, 8:00 am By Aly J. Yale There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Of course, nothing’s impossible. If buying a home is on your radar for 2021, there are still ways to do it. You’ll just need a little forethought and some good old creativity, and the American Dream could very well be within reach. Are you hoping to buy a home in 2021’s hot housing market? These five tips can help you see success. READ MORE…

Recent forecasts for the housing markets in Austin, Dallas and Houston have predicted rising home values during 2021. READ MORE…

DECEMBER 29, 2020 BY MARCO SANTARELLI This article has been updated to reflect the most common housing indicators and trends in the San Francisco Bay Area housing market. Motivated home buyers drove prices and sales up in November in a tight housing market. These trends are defying the usual slowdown that hits the real estate market in this season. However, regionally, almost all the counties did see a drop in sales as compared to October — the beginning of the slowdown of sales for the next few months. Although year-over-year sales growth has rebounded in all nine counties the sales are expected to slow down by a great extent in the coming months until…

By Jacqueline Davalos In sharp contrast to the “slacker” stereotype that has defined their generation, millennials aren’t living in parents’ basements. They’re buying multimillion-dollar homes.  At 38%, millennials—adults born from 1981 to 1996—represent the largest share of home buyers in the U.S., according to a survey by the National Association of Realtors released last year. “They’re just as interested in owning a home. They just waited longer to buy their first one,” says Bradley Nelson, chief marketing officer of Sotheby’s International Realty. Read more…

https://www.foxbusiness.com/money/todays-mortgage-rates-january-22-2021 Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage rates have fallen since yesterday. 30-year fixed-rate mortgages: 2.500%, Down from 2.625%, -0.125 20-year fixed-rate mortgages: 2.375%, Unchanged 15-year fixed-rate mortgages: 1.750%, Down from 2.000, -0.250 Rates last updated on January 22, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

Bay Area home prices climbed to near-record levels in November, touching nearly $1 million as suburban properties lured buyers with ample space and worry-free, bedroom-to-home-office commutes. More …