fbpx
real estate

Top Real Estate Trends For October

Let’s dive into some recent real estate trends we’ve been seeing.

Here’s what’s happening in the real estate market in October 2021.

1. Rents Are Skyrocketing

If you’re a landlord, it’s good news all around. The eviction ban finally ended, and rents are at record highs for real estate. According to Realtor.com, they jumped by 11.5% between August 2020 and August 2021, marking the first double-digit increase on record. Rents are even more expensive than starter homes in many American cities.

The average rent for the month clocked in at $1,633, up $169 a month. Two-bedroom apartments saw the biggest jump, at 12.3% over the year. Those rents now hover just under $1,830 per month.

2. Buying Activity Is Slowing Down

It seems competition is finally starting to wane. It might be the start of school, the threat of rising mortgage rates, or maybe buyers are finally getting burned out on the market. Whatever it is, it’s seeming easier to buy a home these days.

Existing home sales are down 2% for August, the first decline in over a year, and overall sales fell 6%. What’s more? The bidding war rate is the lowest it’s been all year. Currently, just over half of all buyers face a bidding war.

3. Home Prices Continue On Their Tear

Don’t let that dwindling competition fool you. Just because some buyers are stepping back doesn’t mean homes aren’t selling. They definitely are — and often at a premium.

According to the most recent House Price Index from the Federal Housing Finance Agency, national home prices are up over 19% as of July compared to last year. Between June and July alone, they rose 1.4%.

Homes in the Mountain division of the Census — which includes Arizona, Colorado, Utah, Idaho, New Mexico, Montana, Nevada, and Wyoming — saw the biggest jump in prices. Those are up a shocking 25.6%.

4. Foreclosures Are Rising

The foreclosure moratorium is officially in the rearview, and lenders acted fast. According to ATTOM Data Solutions, August saw a 27% jump in foreclosure filings — and that’s just compared to July. Over the year, they rose 60%.

Read More…

 

 

7¢ Skip Tracing – Guaranteed lowest price on the market for the best quality data.

Don’t just take our word for it. Try us out by running a small list first to see the tier 1 data for yourself. We are offering non-members access to member pricing, so you can experience the Skip Force Difference and improve the quality of your lists.

🔥Pay wholesale price for quality data
🔥Receive the TOP 3 Phone Numbers
🔥Discover which phone numbers are best
🔥Learn the BEST Time to reach a contact
🔥We can take your old list, grade it and come up with the
BEST NUMBERS to contact
🔥Develop a SNIPER MARKETING Plan
🔥Increase ROI and TEAM MORALE

We have extended this special but cannot afford to keep this offer running for long.

Have Questions? Reach out to us, we’re here to help.
Call us at: 866-962-8190

Get Started Now

About Skip Force LLC.: Skip Force is a SaaS company based in Austin, TX. Founded in August of 2019, Skip Force has developed solutions, for real estate investors and resellers, to streamline the skip tracing process to effectively close leads.

Related News

Investing in Real Estate

3 Factors To Consider When Investing In Real Estate

Quite a few people have considered investing in real estate. It can be an attractive way of generating a passive income. When this is done the right way, the profits can be significant. There’s more involved in this than many people might assume. You’ll need to consider several factors. Many […]

Read More
Buy and Sell homes

Experts Predict the Best Times To Buy and Sell Homes in 2022

Make a big move in 2022- Buy and Sell Homes When you buy and sell homes timing is everything, in life and real estate, so you want to make sure you get it right. This is important because it can impact both the sale price of a home and, in […]

Read More
Intelly

Intelly Has The Potential To Change The Future of Real Estate Investing

Intelly is a blockchain-based real estate investment platform that allows participants to invest in all types of real estate opportunities around the globe. The platform will enable users to invest in ongoing construction projects, residences and commercial properties. With their fractionized-nonfungible token (NFT) infrastructure, Intelly has created a tool for […]

Read More






Privacy Preference Center

Cart
  • No products in the cart.