Listing prices see fastest growth in over 2 years: realtor.com
During the week ending Aug. 15, 2020, the U.S. median listing price increased 10.1% on an annual basis, the fastest pace of growth since January 2018, according to realtor.com
by Lillian Dickerson Aug 20
FHFA
During the second quarter of 2020, 1.69M refinance mortgages were secured by residential properties in the U.S., a number up nearly 50% from the first quarter, and up more than 100% year over year to its highest level in 7 years
by Lillian Dickerson Aug 19
Where are 2020’s hottest ZIP codes?
The hottest ZIP codes in the US this year, according to an analysis by realtor.com, are in less populous, less expensive areas where people can socially distance with ease and not worry about breaking the bank if their jobs become less secure during a time of widespread economic uncertainty
by Lillian Dickerson Aug 18
DelPrete: iBuyer market share plummets, slow recovery ahead
IBuyers are buying homes again but with a more cautious approach. Once they prove they can survive the pandemic, they’ll still have to overcome the challenge of profitability
by Mike DelPrete Aug 18
Housing starts soar 22.6% in July
'Strong builder confidence and heavy buyer traffic point to further production gains in the near term,' said Chuck Fowke, chairman of the National Association of Home Builders
What to watch for as Airbnb gets ready for an IPO
New rumors suggest the short-term rental giant may file papers to go public as soon as this month. The rumors come as Airbnb's business gradually recovers from a pandemic-related downturn
by Jim Dalrymple II Aug 18
Rent price growth keeps slumping: CoreLogic
Rent prices grew by 1.4% in June, down from 2.9% growth last year
Builder confidence matches all-time high from '98
As if in a blast from the past, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose 6 points to 78 in August, the index's highest reading since December 1998
by Lillian Dickerson Aug 17
Rural home prices jump 11% in July: Redfin
Suburban and urban areas also saw home price growth during this period, although not to the extent of rural areas, according to a Redfin report
by Lillian Dickerson Aug 17
Coaching is popular and highly regarded in real estate: Survey
Hundreds of real estate professionals who responded to an Inman survey expressed satisfaction with coaching, indicating it made them more money and improved their lives
by Jim Dalrymple II Aug 17
As Americans daydream about real estate, Zillow tallies record usership
As quarantining Americans window-shop for new homes, Zillow's mobile app surged to 2.17 million daily active users Thursday, according to Apptopia, an app intelligence company
by Lillian Dickerson Aug 14
Bidding wars get brutal as buyers chase dwindling supply
Buyers in some markets are offering hundreds of thousands of dollars over asking prices — and still losing bidding wars. 'Normally there's 13, maybe up to 20 offers. But 39 is bonkers.'
by Jim Dalrymple II Aug 14
Bank repossessions of homes plunge to lowest level in at least 15 years
Amid federal and state restrictions on foreclosures and evictions, bank repossessions dropped 14% month over month and 80% year over year to just 2,163 US properties foreclosed on by lenders, according to an analysis Thursday from Attom Data Solutions
by Lillian Dickerson Aug 13
US, Sweden, New Zealand: 3 contrasting tales of recovery
The new listing volume data suggests that the harder the lockdown, the bigger the drop in new listing volumes — and the faster the recovery
by Mike DelPrete Aug 11
Is Zillow the next Amazon?
As the real estate technology company's market cap approaches $18B, analysts ponder what role Zillow will play in the world of technology giants
by Jim Dalrymple II Aug 11
Share of mortgages in forbearance continues decline, falling to 7.4%
This week marks the eighth week in a row in which total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans
by Lillian Dickerson Aug 11