How far $1,200 will go for renters and homeowners in 50 US cities
Over 75% of U.S. renters and almost 50% of homeowners could pay one month of housing expenses with a $1,200 stimulus check, according to data from Redfin
by Lillian Dickerson Apr 21
Existing-home sales slammed with first major drop in March: NAR
As the coronavirus outbreak hit the US, existing-home sales fell 8.5%, according to NAR
Making sense of the headlines: Why is there a housing shortage?
Opinion
The 4 major factors are land, labor, material costs and regulatory fees
by Matthew Gardner Apr 21
A little good news: Real estate sales are climbing in Iowa
Despite sales falling in many other states across the nation amidst the COVID-19 crisis, Iowa real estate has managed to achieve the opposite
by Lillian Dickerson Apr 20
Market snapshot: Florida and the coronavirus pandemic
Agents across the state have felt a market impact since the virus took hold, but how and to what extent depends a bit on the region
by Lillian Dickerson Apr 20
Ryan Gorman: Home prices not likely to see significant drop
Inventory is low and the real estate market is healthier than it was during the last recession. That should keep home prices relatively stable, the Coldwell Banker chief said
by Jim Dalrymple II Apr 16
Opendoor layoffs are a retreat, not a defeat
Opinion
This tactical move is by no means a sign that iBuyers will fail. Opendoor’s deep pockets allow it to weather the current storm and remain intact (albeit smaller)
by Mike DelPrete Apr 16
New housing construction dives drastically in March
Housing starts are down 22.3% in March but up 1.4% year-over-year
Foreclosure activity continues to decline in March
61% of US markets saw foreclosure activity drop below pre-recession levels last month, but the numbers come with 'a huge caveat'
by Lillian Dickerson Apr 15
Several US markets see uptick in new listing volume
It’ll take several more weeks to fully determine if this is the bottom and possibly several months for new listing volumes to return to normal levels
by Mike DelPrete Apr 15
Mortgage rates drop to 30-year low
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey
by Lillian Dickerson Apr 15
‘Strong recovery’ on horizon, V curve possible, says real estate exec
Patrick Stone, of WFG National Title Insurance Company, said Tuesday that home sales will likely be down in 2020, but overall, he's optimistic about an economic recovery from the current pandemic
by Jim Dalrymple II Apr 14
Delinquency rates still low but a pandemic-related jump to come
'We expect delinquency rates to jump significantly throughout the year as the economic toll from COVID-19 becomes more evident,' CoreLogic President Frank Martell said
Making sense of the headlines: What will happen with interest rates?
Opinion
No one can truly answer this question until we know how mortgage lenders and homeowners who have chosen forbearance will fare
by Matthew Gardner Apr 13
How to give tenants a break while also protecting yourself
The coronavirus pandemic has kneecapped many tenants' ability to pay rent. Landlords may want to offer some leeway, but they have to be smart about it
by Jim Dalrymple II Apr 13
Google searches soar for ‘mortgage’ and ‘home.’ ‘Real estate,’ not so much
Google's data shows changes during the pandemic in home-related online searches. Some experts believe those trends hint at longterm shifts in consumer preference
by Jim Dalrymple II Apr 9