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FROM OUR BLOG
May 19, 2021
For more than a year, analysts have understood that the pandemic-related telework trend is shaking up the housing industry. Still, they have had to dig deeper to understand the ways those changes are impacting home-location preferences and to predict the potential permanence of such changes. Despite the rollout of vaccines and loosened social-distancing recommendations, remote work is here to stay for many Americans, and that will continue to impact the housing market, experts say. A U.S.-based survey of 5,000 working adults found that four in ten workers expect to have some form of continued remote work flexibility post-pandemic, says Chris […]
April 12, 2021
Black Knight’s latest Home Price Index has found home prices up 11.6% in February, hitting their highest annual rate in more than 15 years. Also rising at an equally-paced clip, median single-family sales prices rose 15.9% year-over-year in February. The rise in home prices, along with the uptick in mortgage rates, has driven affordability to its lowest point since mid-2019. Black Knight found that it now takes 20% of the median household income to make monthly payments on an average-priced home–back to the five-year average, but still stronger than the 20-year average of 23.4%. In January and February, it was […]
March 2, 2021
When the coronavirus pandemic prevented many Americans from working, many wondered what would happen in the housing market. After all, no employment, no paycheck, no paying the mortgage. The Federal Housing Finance Agency (FHFA) says that calculating the number of Americans who are having difficulty paying for their homes may be difficult considering new rules and regulations related to the pandemic response. During 2020, mortgages reported to the credit bureaus as delinquent plunged to 1.0% (as shown in the figure below). The percentages over the past year for mortgages that were seriously delinquent and mortgages in the process of foreclosure, […]
ABOUT
Central Properties is an independent real estate brokerage.
We hire smart agents and give them the resources and support to meet your every need. From helping you find the right home and negotiating a great purchase, to marketing your home and finding a great buyer. When you're ready to move, Central Properties is at your service!