Housing market, after a COVID recession hit, stages a massive comeback Record low mortgage rates, a desire for “space,” and extraordinary government measures deliver significant rebound COLUMBUS, Ohio, Sept. 15, 2020 /PRNewswire/ — Despite millions of job losses and spiking mortgage delinquencies, data from the latest Health of Housing Markets Report (HoHM Report) from Nationwide…
Amid the imbalance between supply and demand in the U.S., buyers need to get an upper hand as they compete with multiple offers. When Paul Warrin, a real estate agent with Golden Gate Sotheby’s International Realty in San Francisco, suggests that his buyer clients write a love letter about the house they’re competing for, he…
Following the rapid contraction in U.S. economic activity as a result of the outbreak of COVID-19, the unemployment rate spiked to 14.4 percent in April and remained elevated in May (13.0 percent), setting the mark for the two highest recorded rates in the post-World War II era. Despite the federal foreclosure moratorium, there were fears…
Inland Empire has nation’s biggest drop in homes for saleSouthern California pending home sales up 13 of past 14 weeks The supply of existing homes for sale in the Inland Empire has fallen the most among 50 major U.S. markets tracked by Zillow. Homeowners across the region, and the nation, have largely refused to put…
The bottom has yet to be reached as mortgage rates achieved a new low for the fourth time in the past five weeks. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 2.98 percent with an average 0.7 point. (Points are fees paid to a lender equal to…
~Activity is springing back faster in major metro areas, where the median asking price in June was nearly 6% higher than a year ago~ By Beckie Strum Originally Published on July 1, 2020 Mansion Global ~U.S. housing supply is falling short of demand, as droves of buyers returned to home shopping last month, according to…
