2021 Housing Market ‘Red Hot’

Housing Market

The past year has been like no other, housing-wise. Near-record-low interest rates, tight housing supplies and greater flexibility in where one lives have pushed a normally predictable housing cycle into uncharted territory, as three new housing reports show. RE/MAX: Winter Months Leave Buyers Undeterred RE/MAX, Denver, said its National Housing Report for January saw home sales jump…

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Mass. housing market off to ‘strong’ start in 2021, trade group says

Mass Housing Market

The Bay State’s housing market saw “healthy” demand from buyers in January, creating a “strong” start for 2021, according to the Massachusetts Association of Realtors. In its monthly indicators report, the trade group said closed sales this January increased by 7.8% for single-family homes and 9.8% for condo sales compared to January 2020. The increase…

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Mortgage Lending Standards Loosened Last Month

Mortgage Lending Standards

Lending standards overall loosened during January, the Mortgage Credit Availability Index (MCAI) from Mortgage Bankers Association (MBA) and Ellie Mae indicates. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The MCAI is calculated using several factors related to borrower eligibility (credit score,…

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Housing Sentiment Builds As Conditions Favor Sellers

Housing Sentiment

Fannie Mae‘s Housing Purchase Sentiment Index increased to 77.7 in January 2021, a 3.7 point increase from December 2020. This is especially true for sellers as the home-selling conditions component increases 16%. “The HPSI experienced a modest uptick in January, reversing much of December’s decline,” said Doug Duncan, Fannie Mae senior vice president and chief…

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