How the Biden administration could help first-time homebuyers
At the National Association of Realtors’ Forecast Summit, economists said the market poses affordability hurdles for first-time buyers — even with mortgage rates at a record low
by Patrick Kearns Dec 11
Homebuyers are becoming more diverse — and facing 'headwinds'
A demographics panel at NAR's Real Estate Forecast Summit talked about the declining share of first-time homebuyers, the 'baby bust,' and the rise in multigenerational living
by Andrea V. Brambila Dec 11
Former Obama adviser: Expect Biden to prioritize housing
Jim Parrott, a nonresident fellow at the Urban Institute, said housing is 'not an abstraction' for the president-elect at National Association of Realtors' Real Estate Forecast Summit
by Andrea V. Brambila Dec 11
Economists predict GDP growth, mortgage rate increases in 2021
More stimulus is needed to prevent the economy from hitting another 'soft-spot,' according to economists who spoke at annual summit hosted by the National Association of Realtors
by Patrick Kearns Dec 10
New jobless claims spiked last week as COVID cases continue to spread
As Congress continued to negotiate a stimulus package, 947K individuals filed new unemployment claims, up 229K from the week prior, according to the Labor Department
by Patrick Kearns Dec 10
Interest in second homes is increasing, with men leading the charge
55.7% of Americans who don't own a second home say they now want one, compared to just 46.4% who expressed a desire for a second home prior to the pandemic
by Lillian Dickerson Dec 10
Homeowners gained $17K in equity this year: CoreLogic
While the effects of the pandemic may manifest later, equity increases have not been this high since 2014
Foreclosure filings decline as moratorium is extended through January
U.S. foreclosure filings decreased 14% in November 2020 from the month before and dropped 80% year over year
It takes more than a decade to save a 20% down payment in these 4 cities
Seven of the 10 hardest US cities to save for a home were in California, according to an analysis released Wednesday by RealtyHop of 125 of the nation's largest metros
by Marian McPherson Dec 9
paying mortgage
Nationwide, 6.3% of mortgages were in some state of delinquency in September — up from 3.8% one year earlier, according to the property analytics provider
Among renters, demand for short-term leases soar amid pandemic
In November, 16.4% of renters sought out apartments with short-term leases outside of their current metro area, a 40% increase since January, according to Apartment List
RedfinNow expands into pricey San Francisco and Seattle markets
In a notable departure from more common iBuying strategies, Redfin's iBuyer program, RedfinNow, will target homes built after 1930 and costing more than $1M in the 2 cities
by Jim Dalrymple II Dec 8
Where people are looking for homes hasn't changed: OJO Labs
But how people are finding those homes has changed, according to a study released by the real estate tech company.
by Patrick Kearns Dec 8
Single-family rental demand remains at record high amid pandemic
According to the National Home Rental Council's Q3 2020 market index, the single-family rental market remains robust as renters flock to the suburbs
by Marian McPherson Dec 8
Beyond the headlines: What's in store for 2021?
Opinion
Looking for a little clarity on the news? Windermere Chief Economist Matthew Gardner gives his 2021 forecast
by Matthew Gardner Dec 8
Mortgages in forbearance remained steady over Thanksgiving
The number of mortgage loans in forbearance stayed constant from the previous week, according to the Mortgage Bankers Association