Real Estate Markets & Economy
Although the total number of properties in foreclosure is down 16% from the previous quarter, zombie foreclosures increased from 3% to 3.7% of all properties, according to Attom Data Solutions
New single-family home sales climbed 36.3% year over year, according to data released by the US Census Bureau and the Department of Housing and Urban Development
Home prices in the United States were up 5.4% year over year in the second quarter, according to Federal Housing Finance Agency
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner takes a deep dive into the latest data on household debt and credit and what it might mean for post-COVID economic recovery
First American's 'real house price index' surged in certain cities as the median income plummeted while home prices rose
Multifamily vacancies also rose during the second quarter of the year, though the National Association of Home Builders characterized the industry as experiencing a recovery
July also marked the first time ever that the median home price across the entire U.S. rose above $300,000, according to NAR's data
During July, the typical home value was up 4.5% year over year to $253,527, the fastest value rate increase since May 2019
David Parnes, the star of 'Million Dollar Listing' Los Angeles, talks to Inman about the luxury landscape and how the pandemic has changed the market
New data from the Department of Veterans Affairs provides further evidence that the pandemic has not slowed down demand for real estate or real estate financing
Low rates have helped fuel an extraordinarily active summer for real estate. Although they remain historically low, a gradual trend upward could be less than stellar news for consumers
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
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
Although the company has provided few details, the announcement at leasts ends months of speculation that Airbnb was on the verge of an IPO
But Redfin warns that lack of economic stimulus plan from Congress could lead to a housing downturn
A new Redfin report found that the median price of a luxury home in the US is $825,000, a 1.2 percent rise from the same period last year
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