Realtor.com COVID-19 Housing Market Update – 12/17/21

This week, Manager of Economic Research George Ratiu concludes 2021 with another update. He talks about the latest data highlighting expansions in the economy and real estate markets. He starts with the NFIB small-business optimism index and rising wholesale prices,…

Realtor.com COVID-19 Housing Market Update - 12/17/21

Source

0
(0)

This week, Manager of Economic Research George Ratiu concludes 2021 with another update. He talks about the latest data highlighting expansions in the economy and real estate markets.

He starts with the NFIB small-business optimism index and rising wholesale prices, both of which point to rising prices next year. He continues with retail sales and the shift in initial jobless claims. He highlights the role that rising inflation played in this week’s Federal Reserve announcement that it plans to speed its asset taper and increase the interest rate in 2022.

George also covers increasing mortgage rates and the Realtor.com weekly housing update, showing a slowdown in new listings and rising prices. He discusses the Realtor.com’s rental report which spotlights serious affordability challenges. The figures point to a market in dire need of new homes. George talks about the unseasonably high home builder optimism, which led to a solid advance in new construction activity.

He closes the update with the Realtor.com’s latest first-time home buyer report, highlighting that millennials are defining today’s markets in their pursuit of homeownership, seeking suburban homes in affordable communities with good quality of life.

0:29 – Industrial production trends
0:40 – Small business optimism index
0:55 – Wholesale price trends
1:09 – Retail sales trends
1:16 – Unemployment trends
1:45 – Mortgage rates
1:55 – Real estate listings trends
2:05 – Rental trends
2:29 – New construction trends
2:45 – First time homebuyer report

More COVID-19 Housing Market Updates: https://www.youtube.com/playlist?list=PLmlKLrMX62MaN_8ny9hJdpyVoDfUDNjM8

*********
Find your home on https://www.realtor.com

*********
Download our mobile app: https://www.realtor.com/mobile

*********
Follow us on:
Facebook: https://www.facebook.com/realtor.com
Twitter: https://www.twitter.com/realtordotcom
Instagram: https://www.instagram.com/realtordotcom
Pinterest: https://www.pinterest.com/realtordotcom

-~-~~-~~~-~~-~-
Learn More about the home buying process: “Home Buying 101: How Do I Get Started?”
https://www.youtube.com/watch?v=zqZI4ZvjcRM
-~-~~-~~~-~~-~-

#realtor #realestate

0 / 5. 0