Property Prices Determining the worth of various types of real estate has become more difficult due to limited transactions in the time of Coronavirus. Thankfully, REITs (Real Estate Investment Trusts) trade publicly daily, providing some insight into values....
Housing Market: Reopened Homes As parts of the U.S. economy reopened in June, housing market sales of previously owned homes went up 16.4%. A sales slump of 9.7% in May reflected weaker contract signings during multi-state shutdowns in March and April, according to...
Repeat Home Sales Up The CoreLogic National House Price Index, a repeat home sales measure, rose 0.7% in May (not seasonally adjusted). The index rose 4.8% from one year ago, the fastest annual pace of growth since November 2018.1Mortgage Applications UpMortgage...
FORECLOSURE THREAT GROWS AS COVID-19 SURGES The danger of mortgage forbearances turning into foreclosures is rising as COVID-19 infections surge in the U.S., according to the Federal Reserve Bank of Atlanta. COVID-19 cases in Texas, Arizona, Florida and other sunbelt...
Bidding War During the Pandemic A new study from Clever revealed that 42% of homebuyers who made a purchase during the January to May time period ended up in a bidding war, demonstrating the strong demand for homes amid low inventory. In addition, the study showed the...
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