Tuesday, July 1, 2025

Existing-Home Sales Drop 6.6% in February

Mon, 22 March 2021  |  housing 

Existing-home sales declined in February, following two prior months of gains, according to the National Association of Realtors^®. Month-over-month, only one major region saw an increase in February, but all four U.S. regions recorded year-over-year gains.

Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.6% from January to a seasonally-adjusted annual rate of 6.22 million in February. Sales in total climbed year-over-year, up 9.1% from a year ago (5.70 million in February 2020).

Cash Trumps Bids in Home Buying

Mon, 22 March 2021  |  housing real estate 

Homebuyers who offer all cash improve their chances of winning a bidding war by 290%, making it the most effective strategy to win a home in a competitive situation, according to a new report from Redfin (www.redfin.com). The report is based on an analysis of data on thousands of offers written by Redfin agents on behalf of their homebuying clients from July 2020 to February 2021.

Finding ways to make a buyer's offer more attractive is particularly important in today's hot housing market. Nationwide, 56% of Redfin offers faced bidding wars in January, the ninth consecutive mont... Read More

Hybrid Work - The Next Great Disruption

Mon, 22 March 2021  |  workplace 

New findings from Microsoft Corporation's first-annual Work Trend Index finds hybrid work to be the next great disruption, and identifies seven hybrid work trends every business leader must know as we enter a new era of work. The report indicates that business leaders should resist the urge to see hybrid work as business as usual. It will require the rethinking of long-held assumptions.

"The choices you make today will impact your organization for years to come. It's a moment that requires clear vision and a growth mindset," said Jared Spataro, corpor... Read More

COVID-19 One Year In

Sun, 21 March 2021  |  pandemic 

One year into the COVID-19 pandemic consumers report their lowest anxiety levels since April 2020 and safety perceptions have improved considerably, however they feel a lot of their pandemic-period habits are going to remain. Overall anxiety levels declined by 10% in the United States. Worldwide, anxiety is at the lowest level since April 2020. After months of decline, consumer safety perceptions are improving with more than half of consumers (53%) globally feeling safe going to the store; in the U.S. that number jumped from 51% in late December to 64%. However, consumers are balancing ... Read More

Home Prices Post 17% Annual Gain, Largest in at Least 5 Years

Fri, 19 March 2021  |  housing real estate 

The median home sale price increased 17% year over year to $330,250—an all-time high—according to a new report from Redfin. This is the largest increase on record in this data set, which goes back through 2016.

Below are other key housing market takeaways for more than 400 U.S. metro areas during the 4-week period ending March 14.

• Asking prices of newly listed homes hit a new all-time high of $350,972, up 10% from the same time a year ago.
• Pending home sales were up 21% year over year, the sm... Read More

  62% Have Apprehensions About Life "Returning To Normal" Post COVID-19 Pandemic

  Fri, 19 March 2021  |  consumers pandemic 

  One-year into the COVID-19 pandemic and even with the light of the vaccine on the horizon, a majority of Americans are still fearful, according to a new healthinsurance.com national survey of 1,000 U.S. adults. 62% of those surveyed say they are still afraid of getting COVID-19. In fact, 25% say they would unfriend someone if they exposed them to COVID-19. 7 in 10 say they have or know someone who has tested positive for COVID-19. 68% say they will get the COVID-19 vaccine as soon as they are eligible. A surprising finding, even once vaccinated, 62% have a... Read More

  
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