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October 2021

Found 3 blog entries for October 2021.

Home-price gains in 2021 are on pace to smash last year’s all-time high after record-low mortgage rates fueled bidding wars across the U.S., Fannie Mae said in a forecast on Friday.

Home prices probably will surge 17% this year, beating the record gain of 11% set in 2020 that surpassed the prior peak of 10% seen at the height of the real estate boom that petered out in mid-2006, the largest U.S. mortgage securitizer said.

Prices for homes began spiking last year after the Federal Reserve stepped into the bond markets in March 2020 to purchase Treasuries and mortgage-backed securities to support the economy during the pandemic and prevent the type of credit crunch that crashed the U.S. financial system in 2008.

Both type of asset purchases —

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Housing activity in the Puget Sound region remained "very active" last month even as more inventory hit the market, according to a new report from the Northwest Multiple Listing Services (NWMLS).

While a slight cool-down in the market was detected in the late summer with less homes going under contract, the activity has bounced back with the report showing that brokers added a total of 11,373 new listings for single-family homes and condominiums in September. 

However, inventory remains historically low in the competitive market with prices only projected to increase in the next year. NWMLS brokers reported a total of 7,757 active listings in September, slightly up from August's high of 7,425 active listings but down 14.8% compared to the same time

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  • Signed contracts to buy existing homes increased 8.1% month to month in August, according to the National Association of Realtors.
  • Buyers encountered higher inventory and slightly more favorable prices.
  • Analysts were expecting a 1% monthly rise. Signings were still down 8.3% compared with August 2020. 

Signed contracts to buy existing homes increased 8.1% month to month in August, according to the National Association of Realtors, as buyers encountered higher inventory and slightly more favorable prices.

Analysts were expecting a 1% monthly rise. Signings were still down 8.3% compared with August 2020. 

August’s increase followed two months of declines, according to the NAR.

These so-called pending home sales are a future

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