Home Sales Slow Down, Indicating the Market Has Hit Its Price Cap
In June 2021, the volume of new home sales dropped to its lowest level since the onset of COVID-19 in early 2020. The common consensus is that low inventory and sky-high prices are forcing the market to adjust. Of c...
Read Full PostHousing Market Rebounds Slightly in June 2021 as Existing Home Sales Increase by 1.4%
While June home sales were lower than expected, they still represent a rebound after 4 consecutive months of decline. According to the National Association of Realtors (“NAR”), the number of existing home sales ...
Read Full PostNew Construction Sector of Housing Market Struggles in July 2021
According to date released by the U.S. Census Bureau (“USCB”) on Tuesday, July 20, 2021, building permits dropped to its lowest point since August 2020; roughly 100,000 units below the six-month average. Buildin...
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