the housing market forecast for the rest of 2021, according to realtors

the housing market forecast for the rest of 2021, according to realtors

It’s no secret that the COVID-19 pandemic has turned the real estate market into a wild domain. If you’re looking to buy or sell a home, you’re likely eager to know how long this will last.

In June 2021, home prices across the U.S. surged 24.8% year-over-year — to a median sale price of $386,888 — according to Redfin. During the same time period, the number of homes sold increased 20.6% and the number of homes for sale tumbled 39.6%.

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home affordability in denver and colorado getting worse

home affordability in denver and colorado getting worse

The real estate scenes in Denver and Colorado as a whole continue to send mixed signals. Earlier this month, the Denver Metro Association of Realtors highlighted data suggesting that the local market could plateau soon, even as the average price for a single-family detached home hit another record high. And now, a new report from the Colorado Association of Realtors cites rising inventory and more pricing flexibility — yet affordability figures have never been worse.

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fairfield, conn.: a ‘relaxed beach town’ where there’s plenty to do

fairfield, conn.: a ‘relaxed beach town’ where there’s plenty to do

Beaches are among Fairfield’s defining features. The 32-square-mile town has five municipal beaches along its five miles of Long Island Sound coastline, five private beaches around Samp Mortar Lake and another municipal one a mile north, on Lake Mohegan.

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here’s the best place to live in 2021, for the pandemic and much more

here’s the best place to live in 2021, for the pandemic and much more

Loving where you live has never been more important. While a healthy job market, good schools, and affordability have always attracted homebuyers, the coronavirus pandemic has fueled a new need for a home with plenty of room to stretch your legs—indoors and out.

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combining work and pleasure, buyers snapped up vacation homes in a big way during pandemic

combining work and pleasure, buyers snapped up vacation homes in a big way during pandemic

Housing markets across the country heated up during the COVID-19 pandemic, but demand for vacation homes, including in Colorado, sizzled, according to a new study from the National Association of Realtors.

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10 great US real estate markets in 2021

10 great US real estate markets in 2021

In February 2021, the S&P CoreLogic Case-Shiller property value index jumped 12% over February 2020 figures. That hasn’t happened since 2006. Historically low mortgage interest rates coupled with an increase in housing inventory herald the beginning of a buyer’s market. Just one question remains—are you in?

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'extreme seller’s market' for denver real estate

'extreme seller’s market' for denver real estate

What's being called an “extreme seller’s market” continued in May for Denver's residential real estate, with the average sales price continuing to smash records, a pitiful amount of inventory for a market the size of Denver’s, and days a home stays on the market dwindling, according to the Denver Metro Association of Realtors.

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home prices continue to surge in connecticut, where real estate is already red-hot

home prices continue to surge in connecticut, where real estate is already red-hot

A year after New York City home buyers descended on Connecticut’s housing market amid the COVID-19 pandemic, sales continue to accelerate heading into the summer of 2021 — particularly in communities lining Long Island Sound or just inland from Milford to Stonington.

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colorado’s housing market redefines rocky mountain high in april

colorado’s housing market redefines rocky mountain high in april

The median of a single-family home sold in Colorado crossed above $500,000 for the first time ever in April and is running at an elevation 1.5 times higher than the U.S. median, according to a monthly update from the Colorado Association of Realtors.

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