According to the National Association of Realtors, U.S. pending home sales increased in March 2021, snapping two consecutive months of declines. All but one of the four major U.S. regions experienced month-over-month gains in March, while each area recorded year-over-year growth.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, low interest rates and strong consumer demand fueled a solid increase in new home sales in March 2021, despite the ongoing building materials challenges impacting the industry. Sales of newly built, single-family homes rose 20.7 percent from an upwardly revised February number, to a 1.02 million seasonally adjusted annual rate. This is the highest sales pace since September 2006.
According to the National Association of Realtors, existing-home sales fell in March 2021, marking two consecutive months of declines.
The month of March also saw record-high U.S. home prices and gains. While each of the four major U.S. regions experienced month-over-month drops, all four areas welcomed year-over-year gains in home sales.
Las Vegas Realtors are reporting this week that local home prices rose to another record, and more homes being sold despite a tight housing supply.
LVR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during March 2021 was $363,000. That breaks the all-time record set in February. March's median home price is up 13.8% from $319,000 during the same month last year.
(CNN)Developers in Southern California are building what they say will be the first 3D-printed zero net energy neighborhood in the United States.
According to the Miami Association of Realtors, Palm Beach County total home sales increased in February 2021 as pent-up demand and record-low mortgage rates continue fueling transactions.
The desert landscape of California’s Coachella Valley will soon be home to the first US neighborhood comprised entirely of 3D-printed houses.
According to the Miami Association of Realtors, Miami-Dade County total home sales posted a double-digit increase for the fifth consecutive month in January 2021 as pent-up demand and record-low mortgage rates continue fueling transactions.
Despite ongoing Coronavirus lockdowns for months in California, home sales remained high in November 2020, breaking the 500,000 sales benchmark for the first time since January 2009. This is the highest sales level in 15 years, says the California Association of Realtors.
20,000-square-foot mansion in California is up for auction -- and with an asking price of $160 million, it could become the most expensive home ever to go under the hammer.
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