Mortgages in forbearance drop again, but that trend could reverse
As Congress continues to be at a standstill in passing a second stimulus bill to support Americans who have become unemployed as a result of the pandemic, it's likely forbearance rates could increase in upcoming weeks
by Lillian Dickerson Sep 14
While it's an improvement, 32% of renters are still in 'rent debt'
Despite the lapse in federal unemployment benefits in August, 68% of renters made an on-time rent payment during the first week of September, meaning just 32% were in 'rent debt.'
by Lillian Dickerson Sep 14
Luxury real estate is 'outpacing the broader market' in some areas
Eric Balog, CEO of luxury-oriented Leverage Global Partners, says the high-end market has thrived in recent months, but that the pandemic should have a "lasting impact" on consumer preference
by Jim Dalrymple II Sep 11
Is housing demand finally cooling down?
Data from realtor.com showed a slight week-to-week change in housing demand and new listing declines
by Patrick Kearns Sep 10
US bank repossessions reach new low while foreclosure rates tick up
US bank repossessions dropped by 6% in August to a total of 2,035 properties foreclosed on by lenders, while foreclosure filings rose by 11%
by Lillian Dickerson Sep 10
As mortgage rates drop, loan applications rise 2.9%
The market composite index, which measures mortgage loan application volume, increased by 2.9% on a seasonally adjusted basis. On an unadjusted basis, the index rose by 2.0%
Fall is the new spring in real estate
Record-low mortgage rates, skyrocketing buyer demand, and shrinking inventory have pushed the housing market's busy season forward through at least the end of the year
Remote work trend could create 2M new buyers: Zillow
A study by the Seattle-based company found that approximately 2 million renters could afford monthly payments on a typical starter home in the US, but not in their current metro
by Patrick Kearns Sep 8
FHA homeowners have the most to lose during economic upheaval
Three chief economists share how FHA homeowners have been disproportionately impacted by 2020's coronavirus-induced unemployment boom and what it means for next year's market
by Marian McPherson Sep 4
Real estate sector adds 23K jobs
The unemployment rate fell to 8.4% in August, according to new data released Friday by the U.S. Bureau of Labor Statistics.
by Patrick Kearns Sep 4
Looking for a better deal? Consider the condo
Although price appreciation is outpacing affordability gains in the single-family sector, there are deals to be found with condominiums and co-ops, economists told Inman
by Patrick Kearns Sep 4
It's a wash: Home price appreciation outpaces savings from low rates
While purchasing power rose by 6.9% year over year in July, home prices climbed 8.2%, according to a new study released Thursday by Redfin
by Patrick Kearns Sep 3
Coldwell Banker's CMO on building a marketing play amid uncertainty
'Any good marketer and brand advocate knows that when the downturn comes, you don't stop advertising,' Coldwell Banker Chief Marketing Officer David Marine told Inman
11 neighborhoods ripe for opportunity zone investment
A new report by Attom Data Solutions and CityBldr highlights areas with the greatest potential for taking advantage of tax benefits in order to revive densely packed, low-income communities
Rental concessions are twice as common as in February: Zillow
The proportion of rental listings on Zillow that offer some kind of concession increased from 16.2% in February to 30.4% in July, according to new data released Tuesday
President Donald Trump
The National Association of Realtors says moratorium will bring 'chaos' to rental housing sector and 'bring more havoc' to the economy