Redlining accounts for a major equity gap for Black homeowners
Neighborhoods that were redlined have gained $212,000 less home equity since the 1980s, according to a new study from Redfin released Thursday
by Patrick Kearns Jun 11
Home flipping climbs to 14-year high while returns hit 9-year low
The number of single-family homes and condominiums flipped in the first quarter of 2020 reached 53,705 — up 7.3% year over year to its highest level since the second quarter of 2006, according to Attom Data Solutions' latest home flipping report
by Lillian Dickerson Jun 11
Fed moves likely to keep mortgage rates near historic lows for years
The US Federal Reserve also intends to continue purchasing mortgage-backed securities, Federal Reserve Chairman Jerome Powell said Wednesday
by Patrick Kearns Jun 10
Realogy upsizes capital raise to $550M following increased demand
The company upped its intended raise of $400M, a spokesperson confirmed to Inman
by Patrick Kearns Jun 10
Multifamily rents continue to decline in May
As many states began the reopening process in May, rents continued to decline from previous months, according to YardiMatrix's National Multifamily Report for May 2020
March delinquency rates remain at record lows despite coronavirus
3.6% of mortgages were in some stage of delinquency, the same as in February
Making sense of the headlines: What's happening with home prices?
Opinion
The pandemic might have all but killed spring buying season, but it created a pent-up buyer demand
by Matthew Gardner Jun 9
COVID-19-related forbearance volumes decline for first time since pandemic hit
Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending on June 2, the first weekly decrease since the CARES Act went into effect
Stunning jobs report shows unemployment dropped in May
The expectation among forecasters was unemployment could climb as high as 20%, but data released Friday showed it actually dropped to 13.3%
by Patrick Kearns Jun 5
The economic downturn won't end investment in real estate tech
Venture capitalists Constance Freedman and Paul Levine said Thursday that there's still plenty of space for innovation and money to disrupt the real estate industry
by Jim Dalrymple II Jun 4
Homesnap's Mazur: It's time for agents to go all in
In multiple talk tracks at Tech Connect, leaders in sales, fintech and proptech all agreed on one thing: The COVID-19 pandemic has totally changed how people market, sell and buy real estate
by Craig C. Rowe Jun 4
Mike DelPrete: Don't call it a comeback (just yet)
Real estate tech strategist Mike DelPrete explains pre- and post-shelter-in-place market trends and how real estate agents can prepare for the future
by Marian McPherson Jun 4
Manhattan real estate sales fall 84%
Only 160 contracts were signed in the New York borough in May — an 84% drop compared to 992 last year, according to a new UrbanDigs study
'We're watching recovery happen as we speak': Economists
The long-term prognosis is more optimistic than many think, economists from Zillow and Windermere said during a panel at Inman Connect Now on Wednesday
Demand for mortgages continued in last week of May: MBA
'High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,' Joel Kan of the Mortgage Bankers Association said
Agents say they're busy amid pandemic, but challenges linger
Buyers and sellers appear to be returning to the market in many parts of the U.S., but inventory issues continue to plague many areas as well
by Jim Dalrymple II Jun 2