The Home Buyer's Wish List In today’s work-from-home environment, many Americans are leaving urban centers and flocking to the suburbs. As they search for their spacious new homes, some interesting “must-haves” are appearing. According to HousingWire, new requirements...
FHFA Delays the Refi Fee On Tuesday, August 25, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would delay the implementation of the controversial Adverse Market Refinance Fee. The fee, previously set to take effect September 1,...
Real Estate Market: Rural Home Prices Jump The Coronavirus pandemic seems to be pushing homeowners from cities into rural and suburb areas. According to a July study by Redfin, before the pandemic 9% of homebuyers said they were looking for a home in rural areas....
Median Home Prices Rose in July According to the Housing Recovery Index put out by Realtor.com, listing price growth increased $27,000 (8.5%) Y-o-Y to $349,000 in July – a new high in median U.S. home prices. Danielle Hale, chief economist at Realtor.com notes that,...
Mortgage Rates Hover at Historic Lows Mortgage rates continue to hover at near historic lows according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). Interest rates on 30 year fixed-rate mortgages averaged 2.99% for the week ending July 30, 2020 - slightly...
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...
Recent Comments