April 9, 2021 Melissa Dittmann Tracey The COVID-19 pandemic has caused a mass disruption to the way people live and work and prompted sweeping economic fallout felt throughout the world. Global leaders are still coming to grips with the long-term impact to the real estate industry. COVID-19 has accelerated many existing trends, including digitalization, dispersed…
The pandemic may be shifting consumer preferences about what makes the best investment. A new study from the Federal Reserve Bank of New York asked respondents to rate which is a better investment: a home or a financial asset such as stocks? Ninety percent of respondents chose owning a primary residence over investing in the…
Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares:“Since January, mortgage rates have increased half…
To find out if now is the time to buy, check out this week’s mortgage highlights:Mortgage rates continued to move slowly upward as current economic conditions and the outlook for future economic growth continue to improve.With the passage of the next round of stimulus, some experts are expressing growing concern for future inflation. However, core…
February 25, 2021 Sales of newly built, single-family homes in January moved 19% higher than a year ago, as home buyers sought more options under a lean number of existing homes for sale. Newly built single-family home sales increased 4.3% last month over December 2020, reaching a seasonally adjusted annual rate of 923,000, the U.S.…
Even though nominal house prices continued to surge, affordability improved in November as two of the three key drivers of the Real House Price Index (RHPI), household income and mortgage rates, swung in favor of increased affordability. Real house prices declined by 6.2 percent relative to one year ago, thanks to the benefit of increased…
