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.
Median sales prices rising for existing single-family homes in all but one of 183 measured markets in the third quarter of 2021. Austin-Round Rock, TX saw the greatest price appreciation (33.5%), followed by Naples-Immokalee-Marco Island, FL (32%), Boise City-Nampa, ID (31.5%), Ocala, FL (29.7%), and Punta Gorda, FL (27.5%).
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%).
Montreal Real Estate Market: Soaring Prices Weaken Sales in the Suburbs
Montreal Area Real Estate Market Residential Sales – June 2021 L'ÎLE-DES-SŒURS, Quebec, July 06, 2021 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) for the month of June, based on the real estate brokers’ Centris provincial database. “Residential sales in the Montreal area fell significantly in June, mainly due to a historic shortage of single-
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.