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Housing Market Could Get Hotter, Says Redfin Redfin anticipates a record $2.53 trillion worth of home sales for 2021, up 17% year-over-year as buyers gain an even greater sense of what the future holds… Read More Mortgage Professional America https://www.mpamag.com/news/sizzling-us-housing-market-will-get-even-hotter-in-2021–redfin-254950.aspx

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EconUpdate by P. Duffy Initial unemployment claims dip 6.7 percent to lowest level in 14 months What does this mean? Although initial claims continue to fall, stubbornly high continued claims indicate a slow rebound in the labor markets. In the week ending May 8, initial unemployment claims were 473,000, a decrease of 34,000, or 6.7 percent, from the previous week’s revised level to the lowest level since March 14, 2020.  Continued claims during the week ending May 1 was 3,655,000, a decrease of 45,000, or 1.2 percent, from the previous…

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A Guide To Bathroom Design Designing any room in a home takes time and meticulous planning and bathroom design is no different, this guide can help you whether planning a bathroom for the first time or seeking to remodel… Read More Recently Heard https://recentlyheard.com/2021/05/13/guide-to-bathroom-design/

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Toll Brothers and Lennar Purchase 488 Acres in Montebello The homebuilding giants bought the land from Sentinel Peak Resources and have already started grading the land for the first 349 homes out of the planned 1,200 to be built in the Metro Heights at Montebello Hills community… Read More Whittier Daily News https://www.whittierdailynews.com/2021/05/12/land-sale-means-1200-new-homes-coming-to-montebello/

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LMC Purchases Land Near South End of Charlotte For Multi-Family Complex The Charlotte-based multi-family subsidiary of Lennar Corp. purchased the 5.7 acres for $8.8 million last month and will develop a 273-unit apartment on it… Read More WSOC-TV https://www.wsoctv.com/news/local/local-apartment-developer-buys-land-near-south-end-next-project/LUTL2MRNZJBIZEHW7TB7H7YSH4/

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Housing Market Records Set For Prices, Competition And Speed Redfin reported that home prices increased 21% year-over-year, with the typical home selling for 1.4% above its list price, lasting just 19 days on the market… Read More National Mortgage Professional https://nationalmortgageprofessional.com/news/76759/redfin-housing-market-records-prices-competition-speed

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Millennials fueling red-hot housing market According to the National Association of Realtors, people 22 to 40 years old are making up the biggest share of buyers at 37%… Read More ABC 7 https://abc-7.com/news/cover-story/2021/05/11/millennials-fueling-red-hot-housing-market/

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EconUpdate by P. Duffy April Consumer Price Index rises 4.2 percent year-on-year, largest annual jump since 2008 What does this mean?  Huge year-on-year jumps in energy prices and used car/truck prices were the major reasons for the increase. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in April and was up 4.2 percent year-on-year, for the largest annual increase since September 2008. The index for all items less food and energy rose 0.9 percent in April, its largest monthly increase since April 1982, and was up 3.0…

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This Chapel Hill modernist home won awards for its design. It’s selling for under $1M. A modernist home in Chapel Hill, tucked away off West Franklin Street, is the handiwork of one the Triangle’s major architecture firms… Read More The News & Observer https://www.newsobserver.com/news/business/article251308528.html

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