Home prices

With the pandemic’s radical disruption of the housing market, values grew at the highest rate in eight years, according to CoreLogic.

The number of home listings collapsed to the lowest level on record, leaving “nearly all of the shelves empty,” Glenn Kelman said in the company’s latest home sales report.

A gauge of U.S. pending home sales fell to a six-month low in January as buyers competed for a limited number of properties.

Purchases of new single-family homes increased 4.3% to a 923,000 annualized pace in January from an upwardly revised 885,000 rate in the prior month, government data showed Wednesday.

Berkeley is the latest city looking at opening up exclusive neighborhoods to more housing as the region struggles with exorbitant rents and home prices and increasing homelessness.

The S&P CoreLogic Case-Shiller index of property values climbed 10.1% from a year earlier, beating the median estimate of 9.9% in a Bloomberg survey of economists.

The reduction currently under consideration by the Biden Administration would lead to even faster home price appreciation, especially in areas with moderate FHA presence, American Enterprise Institute’s Housing Director of Research Tobias Peter says.

With low mortgage rates billowing demand as homebuying season approaches, consumer confidence for selling jumped in January, according to Fannie Mae.

As 2021 shapes up to be a robust year for mortgage volumes, local lenders discuss the 12 metro areas that are expected to get the most interest from buyers, according to Zillow.

The 2020 price increase was more than double 2019's and above CoreLogic's year-ago prediction, but its forecast for 2021 puts the pace at just one-third of last year’s.