90+ Must-Know Home Buying And Mortgage Statistics For 2021
Home Buying Statistics
Buying a home is a dream for many Americans. We included a variety of different home buying stats to show how this American dream has been bringing families and communities together. This includes homeownership rates, types of homes, preferred neighborhoods, the buying process and age-related data on homebuyer preferences and practices.
Below are a few highlights from the following home-buying stats sections:
- The top reported the first step in a home buyer’s process was looking online for properties for sale (44%), followed by contacting a real estate agent (16%). (National Association of REALTORS® (NAR), 2020)
- 61% of buyers aged 30 – 39 had one or more children under the age of 18 residing in the home. (NAR, 2020)
- The two most desired home features across generations are a primary bedroom with a private primary bathroom and a fenced-in backyard. (Coldwell Banker, 2020)
- In the third week of April 2020, there were only 48,965 new home listings, down 50% when compared to new listings in the same week of April 2019. (Redfin, 2020)
- The most unaffordable area to live (when factoring in median income) is the Los Angeles-Long Beach-Anaheim, California, area – only 12.7% of properties are affordable to the median household. The most affordable area is Binghamton, New York, as 99% of properties are affordable based on the median household income. (Joint Centers for Housing Studies (JCHS) of Harvard University, 2020)
- On average, buyers spend 10 weeks searching for a home. (NAR, 2020)
Ralene Nelson, REALTOR®
COMING SOON – 317 Riverwood Ln, Rio Vista, CA
Located in the desirable Active Adult Community, Trilogy by Shea, this popular model, Pebble Beach, is waiting for you. Tile entry, living room corridor, kitchen, nook & laundry room. Kitchen has granite counters as well as master & guest baths. Home has 2 bedrooms/baths and den. Stamped patio, fenced back yard is perfect for your BBQ. Lots of amenities: tennis, bocce, billiards, 2 swimming pools/spas, golf, exercising classes, gym & more. Contact Ralene Nelson for more Information, 707-334-0699
PENDING – 374 Pebble Beach Dr, Rio Vista 2Bd/2Bth/1,359Ssf
Spinnaker model located in the Active Adult Community, Trilogy at Rio Vista. Home is move-in ready, with fresh paint, new flooring, new window coverings, and refinished oak cabinets. This model has a den with a bay window facing the front with shutters. Kitchen with white appliances & Corian counters, new flooring & beautiful refinished cabinets. Patio with cover & privacy screen and fence for your pet. Low maintenance. Home is move-in ready, make this your retirement or weekend home until retirement. Lots to do, golf, tennis, bocce, gym, 2 pools & spas, and even billiards. MORE INFO
Who should buy a house in 2021, and who should wait?
Should I buy a house now?
It’s no secret that the housing market is hot right now. Still, that hasn’t stopped homebuyers.
Despite rising home prices, low supply, and near-constant bidding wars, Americans are buying homes in record numbers. According to the National Association of Realtors, more homes were bought in 2020 than any year since 2006.
Should you follow suit and buy that dream home now? Or does it make sense to wait until the market has cooled off? Let’s dive in.
Buying a House in 2021: What to Expect
Mortgage rates may creep up before the end of the year, and home prices are expected to climb at a slower pace than in the first half of 2021.
Buying a house is like playing a complicated sport. You need to know the rules and get in shape before hitting the field, and then nimbly maneuver through challenges to win the game.
In 2021, “winning” requires understanding how you stack up against lender qualifications and preparing to compete with other buyers in a hot real estate market.
Things To Do This Week-End
Fair Oaks Chicken Festival
Date: Sep 18, 2021 7:30 am – Sep 18, 2021 8:00 pm
11549 Fair Oaks Blvd., Fair Oaks, California
Join the Fair Oaks Recreation & Park District for the 16th Annual Fair Oaks Chicken Festival. General admission and parking are free! Festivities span over the course of the day and at various locations with the main event happening at Fair Oaks Park between 3pm-8pm. Main Event Festivities (3pm-8pm) include live music by Mullet Mechanix & FBI BAND, a food court presented by SactoMoFo, craft and community vendor booths, a kid’s area, craft beer booth presented by Fair Oaks Rotary Foundation, a Cluck n’ Crow contest presented by Kiwanis Club of Orangevale – Fair Oaks, cornhole
2021 California Brewers Festival, Sacramento
Sept 18, 1-4pm
Mark your calendar for this year’s event – Saturday, September 18th, at Discovery Park, where we’ll celebrate our 27th year of GREAT beer in the park! Get your tickets early as we are expecting a sell-out.
California is back OPEN and our tickets are on sale NOW! We’re looking forward to seeing you out at the park on September 18!
Our event will raise valuable funds for WEAVE and Runnin’ for Rhett along with other local children’s charities we support through Point West Rotary.
Be sure to follow us on Facebook for quick updates! We continue to support our non-profit partners through this difficult time. We are striving to raise valuable funds for WEAVE and Runnin’ for Rhett along with other local children’s charities we support through Point West Rotary.
Discovery Park, Sac map
Crawfish & Catfish Festival
Sat, September 18, 2021, 11:00 AM – 9:30 PM PDT
Authentic Louisiana Food, Music & Fun for the Entire Family We “Let the Good Times Roll” Vendors, Dancing, Cooking Demo, Car show & MORE
New for 2021: Voodoo On the Bayou presented by “Zombie Club” and Everything on a Hog is Good, crackling, boudin, ribs & pulled pork will be simmering as we boil up our Crawfish & fry up the Catfish. Live Music: Zydeco, Blues, Jazz, Swing and Brass Bands to get you dancing. We still have our Great Gumbos , Jambalays, Red Beans & Rice, Frog Legs & Alligator too ! Asian Cajun Qusine, Lots of BBQ, cold beer ,Speciality drinks & MORE Lots of vendors, Car show, Crawfish Races, Kids zone. Come and Pass a Good Time “From the Bayou to Bourbon St.” September 18 & 19 at Southside Park Sacramento Tickets and info www.craw-fest.com
Field of Dreams at the Bob Hope Fox Theatre
Sun, Sep 19, 1 – 4 PM
242 E. Main Street
Stockton, CA 95202
Friends of the Fox Classic Movie Series Presents “Field of Dreams” on Sunday, September 19!
“Field of Dreams” is the popular Oscar-nominated fantasy classic starring Kevin Costner, James Earl Jones, and Burt Lancaster in one of his final film roles. Iowa Farmer Ray Kinsella (played by Costner) hears a voice with the fateful words “If you build it, he will come.” All his life Ray followed his dreams. Now his dreams have come looking for him.
“Field of Dreams” was nominated for three Oscars: Best Picture, Best Screenplay, and Best Musical Score. It has a positive 87% rating on Rotten Tomatoes. As a leading critic said at the time: “This may be one of the most unusual movies ever, but it is also one of the best.” This movie is for the entire family.