Posts Tagged ‘summer’
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…
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…
Read MoreNEWS: Mortgage rates drop to another record low — here’s why Americans may not want to wait too much longer before locking rates in
Jacob Passy June 22, 2020 Low mortgage rates are stoking the housing market’s recovery from the coronavirus, but there may be limits to how much of a boost they will give Mortgage rates have fallen to a new all-time low for the fourth time this year. But there’s significant upside risk to the low rate…
Read MoreNEWS: Demand Higher than Before Pandemic; So is Stress Amid Falling Inventories, Lingering COVID Concerns
MBA Newslinks June 15, 2020 Reports from Redfin, Seattle, and Clever Real Estate, St. Louis, illustrate the lingering effects of the coronavirus on the home-buying process—and the current state of home-buying demand. Redfin reported seasonally adjusted home buying demand jumped in early June and is now 25% higher than it was before the coronavirus smacked…
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