Janice Lucas Voila Residential Brokerage

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Janice Lucas Voila Residential Brokerage

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03/12/2021

Overall recovery index for the second week of January shows slow but sure improvement, particularly home buying. Moreover, the housing market growth catches up with the pace of growth seen in the second half of 2020.

Housing activity continues to gear up slowly this January, following a record end to 2020. The realtor.com Housing Market Recovery Index reached 103.4 nationwide last week.

03/10/2021

The latest pending-home sales report by NAR shows 2020 holds the all-time high record for December with 125.5 index points ✅

Despite dropping slightly in the last month of 2020, the latest pending home sales registered as the highest ever recorded in the month of December.

03/08/2021

Rates are predicted to rise with the economy on recovery, but demand will remain strong as it is still around record-lows. Millennials are also at the age of home-buying years, so the housing market is expected to thrive despite rising rates in 2021.

First American Chief Economist Mark Fleming shares his proprietary Real House Price Index, examining the history of rising-rate eras to provide some helpful context for assessing how today’s housing market will react as rates rise.

03/05/2021

❇️ With the continued low housing supply and high buyer demand, there's no denying that it's an advantageous seller's market.

Let's post up that "FOR SALE" sign together today!

First American Chief Economist Mark Fleming shares his proprietary Real House Price Index, explaining the emergence of a super-sellers’ market and the implications for affordability trends in 2021.

03/03/2021

Latest housing inventory data from NAR shows supply was down 16.4% and 23% on a monthly and yearly basis, the lowest since NAR started tracking the data.

Inventory levels and months' supply are measures of housing supply. Here is a quick look at both of these terms.

03/01/2021

The latest rural housing inventory data shows a yearly decrease of 44.4%, an all-time ⬇️⬇️⬇️ active listing record in US history. With telework still on the rise, it is predicted that many are still buying a home and preferring to live in rural and suburban locations.

See the full story below!

Homes for sale in rural areas across the nation were down 44.4% year over year during the four weeks ending Jan. 21, driving an all-time low in active listings, according to Redfin

02/24/2021

For 13 years, inventory has been below historic norms. But the latest December data shows construction by permit for privately-owned houses was up 17.3% yearly and 4.5% monthly, respectively.

Read more below!

New homes authorized by permits were up 17% year over year in December, according to the US Census Bureau and US Department of Housing and Urban Development

02/23/2021

High demand paired with low inventory and low mortgage rates push the December home prices at 9.2% growth, an increase unseen since 2️⃣0️⃣1️⃣4️⃣

Home values increased by 9.2% in December, while inventory dropped 24% below 2019 levels

02/22/2021

Comparing the rent to costs of homeownership, renting seems a much better financial choice. Yet in reality, homeownership costs create monthly equity gains, giving a major advantage in the long-run!

First American Deputy Chief Economist Odeta Kushi examines the rent vs. own question in the top 50 markets, including why the benefit of equity makes all the difference.

02/19/2021

2020 might be a catastrophic year, but a lot of homeowners were safe from foreclosure, thanks to government protection. Latest data from Attom Data Solutions show foreclosure filing plummeted to 57% - the lowest record since Attom began tracking in 2005.

In 2020, foreclosure filings reached their lowest levels since Attom Data began tracking the metric in 2005

02/18/2021

As the housing market enters the banner year for the real estate industry, here are the 7️⃣ key trends that are predicted to impact the market in 2021! ✔️

Inventory shortages, a wider coronavirus vaccine distribution, and calmer markets are likely to be defining characteristics of the year ahead.

Address

Wakefield, MA
02144

Telephone

+16175138930

Website

http://VoilaRE.com/

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