{"id":12784,"date":"2021-04-30T08:46:14","date_gmt":"2021-04-30T15:46:14","guid":{"rendered":"https:\/\/www.roomvu.com\/academy\/?p=12784"},"modified":"2021-04-30T08:46:16","modified_gmt":"2021-04-30T15:46:16","slug":"u-s-housing-market-enjoys-record-setting-prices-in-march-as-sales-slide","status":"publish","type":"post","link":"https:\/\/www.roomvu.com\/academy\/u-s-housing-market-enjoys-record-setting-prices-in-march-as-sales-slide\/","title":{"rendered":"U.S. Housing Market Enjoys Record-Setting Prices in March as Sales Slide"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"178\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Check out my latest video U.S. Housing Market Enjoys Record Setting Prices in March as Sales Slide\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/APs3dM5YITM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>According to NAR exsiting-home sales decreased in March where home prices saw record highs. Despite month-over-month drops, all 4 major US areas experienced y-o-y gains in home sales.&nbsp;<\/p>\n\n\n\n<p>Although home prices are increasing and affordability is decreasing,, buyers ahve not lost interest in the marlet and sales in March would have been higher if there were more homes for sale. Mortgage rates are a bit higher but they are still in favorable limits.&nbsp;<\/p>\n\n\n\n<p>The y-o-y median home price was 17.2% higher ($329,000) from $280,000 a year ago. According to Realtor.com, hottest metro areas in March were Manchester, N.H.; Concord, N.H.; Vallejo, Calif.; Burlington, N.C.; and Springfield, Ohio.<\/p>\n\n\n\n<p>At the end of March total housing inventory was 1.07 million units which is 3.9% higher than February and 28.2% lower than a year ago. Unsold inventory equaled to 2.1-month supply close to 2.0-month supply in Febraury and lower than a year ago with 3.3-month supply in March 2021.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"178\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>Given the low supply in housing market, homeowners enjoy remarkable equity gains while renters have a hard time to become homeowners. Renting rates are also higher making lives harder especially in more expensive areas. Limited supply has shoretned the number of days properties remained on the market to 18 days in March down from 29 days a year ago. Decrease in affordability is also visible in the percentage of first-time homer-buyers which equals to 32% in March which is lower than 34% a year ago.&nbsp;<\/p>\n\n\n\n<p>Compared to a year ago, existing home prices increased in each of the 4 major metro areas in which median homeprices increased for 16.9% in northeast, 0.8% in midwest, 15.9% in south and 15.5% in west.&nbsp;<\/p>\n\n\n\n<p>Again, Compared to a year ago, median home prices increased in each of the 4 major metro areas in which median homeprices increased for 21.4% in northeast, 13.5% in midwest, 15.6% in south and 16.8% in west.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to NAR exsiting-home sales decreased in March where home prices saw record highs. Despite month-over-month drops, all 4 major US areas experienced y-o-y gains in home sales.&nbsp; Although home prices are increasing and affordability is decreasing,, buyers ahve not lost interest in the marlet and sales in March would have been higher if there &hellip;<\/p>\n","protected":false},"author":1,"featured_media":12789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[917],"tags":[],"class_list":["post-12784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>U.S. Housing Market Enjoys Record-Setting Prices in March as Sales Slide - roomvu Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roomvu.com\/academy\/u-s-housing-market-enjoys-record-setting-prices-in-march-as-sales-slide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Housing Market Enjoys Record-Setting Prices in March as Sales Slide\" \/>\n<meta property=\"og:description\" content=\"According to NAR exsiting-home sales decreased in March where home prices saw record highs. Despite month-over-month drops, all 4 major US areas experienced y-o-y gains in home sales.&nbsp; Although home prices are increasing and affordability is decreasing,, buyers ahve not lost interest in the marlet and sales in March would have been higher if there &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.roomvu.com\/academy\/u-s-housing-market-enjoys-record-setting-prices-in-march-as-sales-slide\/\" \/>\n<meta property=\"og:site_name\" content=\"roomvu Academy\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/roomvu\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-30T15:46:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-30T15:46:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/U.S.-Housing-Market-Enjoys-Record-Setting-Prices-in-March-as-Sales-Slide.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"723\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Academy Content Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Academy Content Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"U.S. Housing Market Enjoys Record-Setting Prices in March as Sales Slide - roomvu Academy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roomvu.com\/academy\/u-s-housing-market-enjoys-record-setting-prices-in-march-as-sales-slide\/","og_locale":"en_US","og_type":"article","og_title":"U.S. Housing Market Enjoys Record-Setting Prices in March as Sales Slide","og_description":"According to NAR exsiting-home sales decreased in March where home prices saw record highs. 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