Single-Family Rent Prices Saw Double Digit Growth in September CoreLogic says rent growth across all tiers remains at record highs, with high-end rentals leading the charge. In addition their latest Single-Family Rent Index (SFRI) also says strong demand & labor market are fueling single-family rent price increases. Their data shows data shows national rents increased
Pending Home Sales Down 2.3% in September The National Association of Realtors is reporting that pending home sales were down 2.3% in September, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell to 116.7. The NAR says housing supply remains low but they expect inventory to turn the corner
Black Knight Says Foreclosure Starts Reverse Course in September According to Black Knight’s “first look” report for September, 2021, the national delinquency rate on first lien mortgages fell slightly to 3.91% in September, the first time it’s been below 4% in 18 months. However, Black Knight points out that nearly 400k mortgage holders exited forbearance
New Single-Family Home Sales Shoot Up 14% in September The U.S. Government is reporting that sales of new single-family houses in September, 2021 were at a seasonally adjusted annual rate of 800k, which is 14% higher than August’s revised rate but is 17.6% lower than one year ago. The median sales price of new houses
Consumer Price Index Up 0.4% in September The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.4% in September, 2021. Over the last 12 months, the all items index increased 5.4% before seasonal adjustment. Click here to read the full release at the Bureau of
Existing Home Sales Up 7% in September The National Association of Realtors is reporting that existing home sales were up 7% in September to a seasonally-adjusted annual rate of 6.29 million (down 2.3% from one year ago). Total housing inventory at the end of September was 1.27 million units, down 13% from one year ago.