Current Market Data
The boost from loosening credit, along with rising house-buying power, equity and household formation, was strong enough to overcome the negative impact on housing market potential from the increase in tenure length so far in 2020, says Chief Economist Mark Fleming.
Empty commercial space is a looming crisis. What if all that unused real estate were converted to housing?
The shortage of sellers and abundance of buyers was reflected by a national inventory decrease of 32.5% year over year.
A new report from CoreLogic shows higher-priced rentals returned to 2019 growth rates while the lower-priced tier continues to lag.
“COVID-19 cases are on the rise and there is increasing likelihood of a further impact on economic activity, which may trigger a corresponding increase in unemployment in impacted industries,” says First American Chief Economist Mark Fleming.
A new report from NAR points to changes in homebuyer and home seller behavior brought about by the pandemic.
The biggest changes were found in mortgages that are in serious delinquency, meaning those that are at least 90 days delinquent.
The decision to rent or to buy was once a question of finances and lifestyle preferences, but the coronavirus pandemic has added yet another complex layer to the equation for many Americans.
Metro areas with the highest share of vacation homes are seeing more interest on Zillow and higher pending sales growth than the nation at large.
Confronted with rising prices and bidding wars, long-haul house hunters are increasingly throwing in the towel.
Nationwide, home value increases continued to be driven by low inventory, which hit its lowest level in September, dropping by 40% from September 2008 and by 74% when compared to September 2000.
First-time buyers contributed to 31% of September’s home sales due to record-low mortgage rates, according to the report.
The third quarter was like a game of musical chairs for many who are abandoning large cities for more affordable areas of the country. See what’s happening in Boston.
Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.
Still all four regions see year-over-year increases in contract activity.
Another 16% of U.S. residents would consider leaving the country if their candidate loses, up from 9% in 2016.
