Mortgage applications decline
The volume of mortgage applications declined 2.5% for the week ending Sept. 11, 2020, according to the Mortgage Bankers Association's weekly survey, released Wednesday
by Lillian Dickerson Sep 16
Gary Keller: 'We’re going to have a year or two of tough'
The Keller Williams CEO and co-founder outlined the two stages of 'what's next' for the housing market during a virtual company conference
by Patrick Kearns Sep 15
older millennial
Redfin's chief economist and AirDNA's CEO discuss the trends they're seeing in the housing market at Inman Connect Now
by Patrick Kearns Sep 15
Realogy chief: Entire homebuying experience won't go digital
Ryan Schneider said this week that digital real estate experiences are becoming more common, but in general, people still want to physically experience properties before buying
by Jim Dalrymple II Sep 15
12 up-and-coming, mid-sized metros
Mid-sized cities across the country are looking attractive as people try to avoid congested cities and seek out more affordable markets amidst an uncertain economic climate
by Lillian Dickerson Sep 15
Beyond the headlines: Revisiting mortgage forbearance
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner takes another look at mortgage forbearance, explaining the latest data and insights in light of some recent headlines
by Matthew Gardner Sep 15
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