
2020 Trends in 2021
- By Jim Lowenstern
- Posted



Potential secondary homeowners are preparing for soaring infection rates.

We see, of first-time homebuyers in 2019, 32% depended on inner circle for loans or gifts, according to the 2019 Profile of Home Buyers and Sellers, an annual report from the National Association of Realtors.

Single-families, condos, co-ops, and townhomes had a median price of $274,500, which reflects a +7.8% YOY. The median price for single-family sales was $276,900, while condos pulled $255,400.

The U.S. long-term mortgage rates increased over the week ending Nov, 12.

Foreclosures increased 20 percent during the month of October when compared to September.

Although the new administration has a lot on their hands, housing has already been pinpointed as a top priority for the president elect. The campaign’s housing proposal identified the lack of housing supply as the main factor behind the affordability crisis.
According to Realtor, the housing boom is not slowing down yet.

What does Biden's victory mean for the housing market?

Housing sales demand has been strong the past months while inventory hits a record low of 2.7 months-supply.

The housing market continues to break records!

Mortgage rates hit record low!

Housing starts increased 1.9 percent month over month during September.

We're going to dig into each neighborhood to give you a picture of what it's like to live there, but first, we're going to take a look at Lexington, Massachusetts as a whole.