U.S. home price growth climbs at fastest rate in more than 30 years

Source:  Yahoo Finance 

https://jordaansieben.blogspot.com/2021/06/us-home-price-growth-climbs-at-fastest.html

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/everyone-is-talking-about-lumber-on.html

Jordaan Sieben Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889

Mason Mortgage Advisors NMLS 1209607 11862 Lackland Rd. Saint Louis MO 63146
Know Your Buying Power! Visit Our Loan Team Here & See What You Qualify For: ApplyWithWooley.com

Everyone is Talking About Lumber on Capitol Hill (NAHB)

National Association of Home Builders:

• NAHB has been working to make members of Congress aware of the impact soaring lumber prices are having on home buyers and employers in their districts. 
• NAHB is also working with the administration on solutions to the crisis. 
• Recently, lumber was discussed extensively in committee meetings and hearings with numerous members of Congress and cabinet secretaries using NAHB messaging.

Source:  https://www.youtube.com/watch?v=ItJxuxFxurA

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/everyone-is-talking-about-lumber-on.html

Jordaan Sieben Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889

Mason Mortgage Advisors NMLS 1209607 11862 Lackland Rd. Saint Louis MO 63146
Know Your Buying Power! Visit Our Loan Team Here & See What You Qualify For: ApplyWithWooley.com

Vacation home sales see a 16.4% increase amid the pandemic

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/vacation-home-sales-see-164-increase.html

Jordaan Sieben Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889

Mason Mortgage Advisors NMLS 1209607 11862 Lackland Rd. Saint Louis MO 63146
Know Your Buying Power! Visit Our Loan Team Here & See What You Qualify For: ApplyWithWooley.com

Are Sale-Leasebacks a Good Idea? Some May Never Be Homeowners Again | WSJ

Source:  Wall Street Journal, https://www.youtube.com/watch?v=5CQeEJHVQqU&t=3s

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/are-sale-leasebacks-good-idea-some-may.html

Jordaan Sieben Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889

Mason Mortgage Advisors NMLS 1209607 11862 Lackland Rd. Saint Louis MO 63146
Know Your Buying Power! Visit Our Loan Team Here & See What You Qualify For: ApplyWithWooley.com

Freddie Mac's Primary Mortgage Market Survey (U.S. weekly averages as of 06/10/2021)

• "30-year fixed-rate mortgage averaged 2.96 percent with an average 0.7 point for the week ending June 10, 2021, down from last week when it averaged 2.99 percent. A year ago at this time, the 30-year FRM averaged 3.21 percent."  Freddie Mac's PMMS 6-10-21
• Please keep in mind that these are just National averages from their survey.  Also, borrowers may still pay closing costs which are not included in the survey.

Full Article:  http://www.freddiemac.com/pmms/#

https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-move-slightly-1?_ga=2.53272424.1156888211.1623776533-1533150839.1623776533

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/freddie-macs-primary-mortgage-market.html

Jordaan Sieben Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889

Mason Mortgage Advisors NMLS 1209607 11862 Lackland Rd. Saint Louis MO 63146
Know Your Buying Power! Visit Our Loan Team Here & See What You Qualify For: ApplyWithWooley.com

 

Significant Increase In Nationwide Residential Permits Issued

National Association of Home Builders:

• "Over the four months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 384,196. On a year-over-year (YoY) basis, this is a 35.6% increase over the April 2020 level of 283,344."
• "Between April 2020 YTD and April 2021 YTD, all 50 states and the District of Columbia saw growth in single-family permits issued."
• "The District of Columbia recorded the highest growth rate during this time at 332.1% from 28 to 121."

Full Article:  NAHB Eye On Housing, By DANUSHKA NANAYAKKARA-SKILLINGTON

https://eyeonhousing.org/2021/06/april-single-family-permit-gains-austin-2nd-largest-multifamily-market/?utm_source=twitter&utm_medium=Social&utm_campaign=Social2021

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/nationwide-residential-permits-issued.html

Jordaan Sieben Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889
Mason Mortgage Advisors NMLS 1209607 11862 Lackland Rd. Saint Louis MO 63146
Know Your Buying Power! Visit Our Loan Team Here & See What You Qualify For: ApplyWithWooley.com

$1.9 Trillion in Equity Gains For Homeowners (1st Quarter YOY)

CoreLogic’s Q1 Homeowner Equity Report

• "...an average gain of $33,400 per borrower, since Q1 of 2020." CoreLogic via Eric C. Peck, MReport.
• “Homeowner equity has more than doubled over the past decade... These gains have become an important financial tool and boosted consumer confidence in the U.S. housing market..." Frank Martell, President and CEO of CoreLogic.
• “Double-digit home price growth in the past year has bolstered home equity to a record amount.  ...11.4% rise in the year through March 2021, leading to a $216,000 increase in the average amount of equity held by homeowners with a mortgage,” Dr. Frank Nothaft, Chief Economist for CoreLogic.

Full Article 
https://themreport.com/daily-dose/06-10-2021/q1-homeowner-equity-gains-hit-1-9-trillion

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/19-trillion-in-equity-gains-for.html

Jordaan Sieben  Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889  

Mason Mortgage Advisors  NMLS 1209607  11862 Lackland Rd. Saint Louis MO 63146

Know Your Buying Power!  Visit Us Here & See What You Qualify For:  ApplyWithWooley.com

April 2021 Existing and Pending Home Sales (National Association of Realtors)

Prices:

• "Median home prices reach all-time highs, with price gains of 19% from one year ago." 
• "In April, home price appreciation, the strongest ever!

Lawrence Yun, Chief Economist & Senior VP of Research National Association of Realtor

Real Estate Market Video Updates

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/april-2021-existing-and-pending-home.html

Jordaan Sieben  Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889  

Mason Mortgage Advisors  NMLS 1209607  11862 Lackland Rd. Saint Louis MO 63146

Know Your Buying Power!  Visit Us Here & See What You Qualify For:  ApplyWithWooley.com     

Expect lumber to remain historically high, despite recent drops: Sherwoo...

Lumber:

• "...we are off the peak prices, the frenzied pace we once saw."
• "We do see some relief over the next 6-12 months..."

Kyle Little, chief operating officer at Sherwood Lumber, joins CNBC

Lumber Price Video Updates

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/expect-lumber-to-remain-historically.html

Jordaan Sieben  Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889  

Mason Mortgage Advisors  NMLS 1209607  11862 Lackland Rd. Saint Louis MO 63146

Know Your Buying Power!  Visit Us Here & See What You Qualify For:  ApplyWithWooley.com

Is another housing bubble on the horizon? Nobel prize-winning economist ...

https://www.youtube.com/watch?v=5Dm-xcpkiMA&t=61s

• "We are seeing price increases now that haven't quite been realized since those years right before the financial crisis." Nobel prize-winning economist Yale Professor Robert Shiller.

jordaansieben.blogspot.com

https://jordaansieben.blogspot.com/2021/06/is-another-housing-bubble-on-horizon.html
Jordaan Sieben Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889
Mason Mortgage Advisors NMLS 1209607 11862 Lackland Rd. Saint Louis MO 63146
Know Your Buying Power! Visit Us Here & See What You Qualify For: ApplyWithWooley.com

Realtor.com COVID-19 Housing Market Update - 5/28/21

Refinance in a Rising-Rate Market | U.S. Economic Outlook: June 2021

Study: 59% of pandemic homebuyers moved to a new area

What’s the Post-Pandemic Outlook for Housing Markets?

In this hot real estate market, should you buy? l GMA