The Ultimate Seller's Market: 10 Housing Market Records Set in 2021
Ten charts that illustrate a record year for the U.S. housing market, including the highest home prices and lowest supply of all time.
First-time Buyer Share Falls to 26% in November
The share of first-time homebuyers fell to 26% in November 2021, the lowest since January 2014. Around 24% of existing homes were purchased with all cash--only 7% of first-time home buyers could afford this approach compared to 30% of non-first-time buyers.
Will the unprecedented surge in investor purchases of SF homes continue?
And what is the Risk to Housing Market
Calculated Risk: Housing Inventory December 27th Update: Inventory Down 4.8% Week-over-week; Near Record Low
As of Dec. 24, housing inventory fell from 437,000 during the prior week to 310,000, a decline of 29%. Inventory bottomed out in April 2021.
Rents for single-family homes are rising three times as fast as they were a year ago
Rental prices for single-family homes rose 10.9% on average, a three-fold increase over October 2020. Rent increases were highest in Miami (29.7%), followed by Phoenix (19.3%) and Las Vegas (16.5%).
Investors Bought a Record 18% of Homes That Sold in the Third Quarter
Single-family homes represented a record 74% of investor purchases. Low-priced properties made up 36% of purchases, an all-time low.
U.S. Home-Price Growth Surges as Demand Overwhelms Supply
March marked the highest annual rate of price growth—13.2%—since December 2005, according to the Case-Shiller index.
U.S. Home Prices Surge the Most on Record in Buying Frenzy
The median price for a single-family home in the U.S. rose the most on record in the first quarter, as buyers fought over a dearth of inventory, according to the National Association of Realtors.