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NEWS: The Fall Real Estate Market Is Abnormally Hot As Mortgage Rates Break Records

The coronavirus pandemic has remade what’s normal, and homebuying is no exception.
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NEWS: Millennial Update: They’re Buying Houses and Going into Debt to Fix Them Up

Reports by Ellie Mae and Bankrate.com show Millennials are pulling out their wallets not only to purchase homes, but to fix them up as well.
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NEWS: Signs Point Toward Continued House Price Appreciation

MBA Newslinks August 24, 2020 Ahead of this morning’s S&P CoreLogic Case-Shiller Home Price Indexes, a report from First American Financial Corp., Santa Ana, Calif., said low mortgage rates, tight supply and demographic demand will continue to drive home price appreciation well into autumn. “Mortgage rates are even lower (below 3% for the first time…
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NEWS: Home Sellers Increasingly Hold Upper Hand

Michael Tucker August 24, 2020 Zillow, Seattle, said sellers expanded their advantage in July as market forces continued to work in their favor. Buyers outnumbered sellers and snapped up homes at a record pace last month, Zillow reported. “This spring’s housing soft patch is receding in the rearview mirror as we get a clear picture…
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NEWS: Signs of recovery? U.S. business activity and home sales surge

Dan Burns August 21, 2020 (Reuters) – In signs an economic recovery may be picking up speed, U.S. home sales rose at a record rate for a second straight month in July, and purchasing managers in both the manufacturing and services sectors report business activity has accelerated at a brisker-than-expected pace this month. With mortgage…
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NEWS: Manhattan apartment deals plunge 57%, suburban real estate surges

Robert Frank August 6, 2020 Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer.   The number of signed contracts for co-ops and condos in Manhattan — the best real-time measure of activity —…
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