Housing Market Update – April 2021

Eric & Debra Ross
Published on April 20, 2021

Housing Market Update – April 2021

We’re going to dive right in. We will start off with a snapshot of the market year over year and some of the key changes. Let’s talk about that. A lot of noise, if you will, about a lot of different things in real estate right now but if we look at the snapshot of year over year metrics we can see showings are up 49.5% year-over-year. A lot of people getting out and wanting to look at home across the country. Purchase applications up 39%. So we’re in an interesting period right now where we’re going to start seeing some of these metrics shoot up year over year because this is
measuring the weeks when we first started the lockdown last year. So seeing significantly more purchase
applications because nobody was applying or leaving their house, for that matter.

Here are the 3 most important takeaways you need to know right now:

  1. Inventory – Housing inventory continues to decline across the country

2. Sellers’ Market – Today’s housing market is full of opportunity for homeowners ready to sell.

3. Refinancing – Cash-out refinances are nowhere near what they were 15 years ago.

Read all the details and download your complimentary Housing Market Update for April 2021 now. 👇

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