Robert Woehrle ...
Robert Woehrle ...
REAL ESTATE UPDATE

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SINGLE-FAMILY HOME PRICES ROSE IN 99% OF 183 METRO AREAS IN 2021 Q2



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The National Association of REALTORS® reported that the year started off with strong home price growth and continued for the second quarter of 2021. Prices continued to rise, with 94% of the markets showing double-digit home price appreciation. National median prices rose 22.9% year over year to $357,900.

Monthly mortgage payments on a single-family home this quarter increased to $1,215 compared to $1,019 from a year ago. Qualifying median family incomes rose to $58,314 compared to first quarter of 2021, which was $51,055, and $48,912 a year ago. The effective 30-year fixed mortgage rate decreased to 3.05% in the second quarter of 2021 compared to 3.29% one year ago.

Knowing the mortgage rates and the qualifying incomes for down payments will help potential homeowners figure out what metro areas are affordable for them.










     
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Robert Woehrle ... 
415-287-9100 sdddd
robert@woehrle2.com

         



               

   



 
Robert Woehrle ... 
415-287-9100 sdddd
robert@woehrle2.com




   



   



 
Robert Woehrle ... 
415-287-9100 sdddd
robert@woehrle2.com