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

Skip Tracing for Real Estate
Skip Tracing for Real Estate

“Skip tracing” is the process of locating a person’s whereabouts. If you’re in real estate, skip tracing allows you to find motivated sellers for great deals. By skip tracing you’ll be able to get listing, wholesale, or investments faster. How Does Skip Tracing Help In Real Estate? Let’s say you have a list of foreclosures. […]

Drilling One
Skip Force Drilling One

Skip Force Drilling One Skip Force Drilling One – Interesting people are interested. Why did he say that? Because people tend to always talk about themselves. Right. What? You want to listen to someone who keeps bragging about himself? No. Right. You want to brag about yourself, too. So mirroring actually is the way is […]

SFA Launched
SF Pricing Explained

SF Pricing Explained SF Pricing Explained – We have multiple options with our skip tracing and property data services. I’m going to break it down for you so you can make the best decision for your business. For skip tracing, there’s member pricing and nonmember pricing. Now you’re going to get the same data for […]