The pandemic is pushing homeowners out of the big cities and into rural and suburban areas, pushing up home prices in previously sleepy towns. In July, less densely populated areas showed more buyer interest than urban areas, Redfin said. Before the pandemic, 9% of homebuyers said they were searching for a home in rural areas. Now, 19% say they are […]
By necessity, due to the coronavirus pandemic, some homebuyers have been purchasing homes sight-unseen. But is this a trend that’s here to stay? According to a new Zillow® survey, 36 percent of Americans say they are more likely to try purchasing a home completely online during the pandemic, while 30 percent say they would do […]
According to Realtor® Magazine the 30-year fixed-rate mortgage averaged 2.98% this week, the lowest rate in Freddie Mac’s records dating back to 1971. “The drop has led to increased home buyer demand and, these low rates have been capitalized into asset prices in support of the financial markets,” says Sam Khater, Freddie Mac’s chief economist. […]
The mortgage space continues to bounce back amid the coronavirus pandemic, according to the latest data from the Mortgage Bankers Association (MBA). In June, new mortgage applications were up. And for the week of July 5, forbearance rates continued to post declines. Here’s the breakdown: New Home Mortgage ApplicationsAccording to the MBA’s Builder Application Survey, […]
Rebecca Donatelli, Realtor ® with the National Association of Realtors YPN Advisory Board writing for RISMedia shares the following advice to agents and buyers. With a rapidly changing market and low inventory, homes are selling faster than ever. New listings can have several offers before your clients even have a chance to see the home. […]
Strong buyer demand in the face of a constrained supply of homes for sale continues to be the story again this month. New construction activity, in the form of housing starts as reported by the Department of Commerce, has picked up in recent weeks but remains well below levels required to substantially increase the number […]
RISMedia reported from the Mortgage Bankers Association the following: The mortgage space continues to bounce back amid the coronavirus pandemic, according to the latest data from the Mortgage Bankers Association (MBA). In June, new mortgage applications were up. And for the week of July 5, forbearance rates continued to post declines. Here’s the breakdown: New […]
Brooke Chaplan a freelance writer and blogger writing for RISMedias Housecall recommends the following: 4 Things Homebuyers Should Know About New Construction Homes Being the first person to own a newly-built home can be a source of immense pride and enjoyment. Having the chance to build a house to your exact specifications gives you a great […]
According RISmedia.com pending home sales reached a 44.3 percent monthly increase in May—a new record, according to the National Association of REALTORS® (NAR). After two previous months of declines, pending home sales are showing a market rebound, with every major region recording a month-over-month increase. According to NAR, the Pending Home Sales Index (PHSI) increased to 99.6 […]
According to BusinessInsider.com the US economy notched its second straight month of job additions in June amid nationwide efforts to claw back from a coronavirus-induced recession. American businesses added 4.8 million nonfarm payrolls during the month, according to the Bureau of Labor Statistics. That exceeded the 3 million payroll additions expected by economists surveyed by Bloomberg. The US […]