Archives for February 2021

Houston Real Estate Market: Prices | Trends | Forecast 2021

February 25, 2021 by Marco Santarelli

We will discuss the latest Houston housing market trends & forecasts for 2021. Despite the pandemic, 2020 was a record-breaking year for the Houston real estate market. A record-breaking $35.3 billion worth of properties were sold (dollar volume). Single-family home sales surpassed 2019’s record volume by more than 10 percent.

According to HAR’s 2020 annual market report, sales of all property types for the year totaled 115,523, an 11.6% increase over 2019’s record volume and marks only the second time in history that total property sales broke the 100,000 level. A record-high average price of $347,164 and a record-high median price of $273,443 was achieved in December.

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Sacramento Real Estate Market And Investment Overview

February 24, 2021 by Marco Santarelli

This article has been updated to get an overview of the Sacramento housing market for 2021. The realtors' forecast is that Sacramento house prices would continue an upward surge this year as well. The Sacramento–Roseville–Arden-Arcade, Calif. Metro Area is expected to have the nation's hottest housing market in 2021. Realtor.com has listed Sacramento metro area to have the strongest housing market in 2021 due to a rush of buyers coming from the ultraexpensive Bay Area in search of more reasonably priced homes.

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New York Real Estate Market: Prices | Trends | Forecast 2021

February 23, 2021 by Marco Santarelli

We'll be discussing the current state of the NYC real estate market as well as the statewide market trends. New York City is among the most expensive and competitive housing markets in the nation. It has also been among the most hard-hit by the COVID-19 pandemic with the worst job losses among the major metro areas in the nation.

However, buyers made a swift comeback since the reopening of the economy last summer, which led to busy fall & winter home-buying seasons. New York has been recovering from the economic impacts of the pandemic. While the rents of apartments have been falling due to high vacancies, the strong buyer demand has changed the dynamics of the residential sales market that had been cooling for nearly three years.

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California Housing Market: Forecast | Prices | Trends 2021

February 22, 2021 by Marco Santarelli

The California housing market ended 2020 on a high note as sales remained strong in December and median house price reached another record high. The same momentum has been carried forward in 2021. In January 2021, the California housing market had its largest increase in sales and pricing in 17 years. C.A.R. reported a double-digit price and sales growth on a yearly basis in January.

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Austin Real Estate Market & Investment Overview 2021

February 18, 2021 by Marco Santarelli

The Austin housing market is soaring. With demand up and few houses to choose from, the Austin home prices are soaring and the buyers have to bear the brunt. The Austin real estate market has been unscathed by the pandemic throughout with the real estate industry pumping billions of dollars into this region's economy. Austin home prices are predicted to continue their upward climb in 2021.

Total home sales in 2020 were higher than in 2019 despite a dip in the early spring season due to the pandemic. A record-breaking 40,165 homes were sold. $17,579,802,503 in sales volume were sold across the Austin area last year. Sales dollar volume is a key indicator of sales activity and prices.

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