Posts Tagged ‘coronavirus’
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.
Read MoreNEWS: 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.
Read MoreNEWS: 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…
Read MoreNEWS: 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…
Read MoreNEWS: 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…
Read MoreNEWS: 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 —…
Read MoreNEWS: One-Quarter of Homebuyers Are Moving–Or Moving Sooner Than Planned–Due to Pandemic
Michael Tucker August 6, 2020 Redfin, Seattle, said three-quarters of homebuyers who plan to buy a home within the next 12 months say the coronavirus pandemic has changed their homebuying plans. Another 25 percent of homebuyers surveyed said the pandemic has caused them to move and/or speed up their moving timeline, 20 percent said it…
Read MoreNEWS: Nearly 1 in 3 homeowners with a mortgage could save $300 a month because of low rates
Dhara Singh July 24, 2020 Almost a third of homeowners with a mortgage could save nearly $300 a month because mortgage rates are near historic lows, according to a new analysis. About 15.6 million homeowners — or 30% of those with a mortgage — could lower their monthly payment by $289 if they refinance, according to numbers…
Read MoreNEWS: With rates under 3%, most mortgages are due for a refinance, study says
Doug Whiteman July 19, 2020 Few people ever expected to see mortgage rates slide so low, and many homeowners have been caught off guard. Thirty-year fixed-rate mortgages are now averaging less than 3% in multiple surveys — and are offering major refinance savings. Though mortgage holders have been flocking to get new loans with sharply reduced interest…
Read MoreNEWS: CoreLogic: Summer Home Price Cooldown on the Way
MBA Newslinks July 7, 2020 CoreLogic, Irvine, Calif., said home prices rose strongly in May, but warned that the effects of the coronavirus and subsequent economic downturn could send home price tumbling over the summer. The CoreLogic Market Risk Indicator predicts 125 metro areas have at least a 75% probability of price decline by May…
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