Real Estate Markets & Economy
Sales of new single-family homes rose 13.8% year over year, according to data from the US Census Bureau and the Department of Housing and Urban Development Development
New initial unemployment claims topped 1 million for the 15th straight week
The typical home sale profit of $75,971 in the second quarter of 2020 reflected a 36.3% return on investment, a new high in raw profits since the housing market started its recovery from the Great Recession in 2012
Annual rent growth shifted to negative in June, falling to -0.4% to $1,457
During Zillow's virtual Unlock event, Svenja Gudell highlighted the historic instances that have led to a massive homeownership gap between white Americans and people of color
'The possibility of volatility lasting into 2021 could be a reality,' according to a 136-page report by HouseCanary released Wednesday
Meanwhile, existing-home sales in June rebounded 20.7% month over month, according to market report released Wednesday by the National Association of Realtors
With economies reopening across the country, demand for home repair help and moving services are picking up steam, according to data provided by the online marketplace
The home price index ticked up 4.9% year over year in May while declining modestly 0.3% month over month, according to the Federal Housing Finance Agency
Purchase activity was up 19% year over year, an increase for the ninth-consecutive week, according to new Mortgage Bankers Association data released Wednesday
A new survey shows that 57 percent of major multifamily developers reported delays to their projects earlier this month
'Single-family rent growth slowed abruptly in May as the nation felt the full impact of the economic crisis caused by the pandemic,' says CoreLogic's Molly Boesel
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner dives into Fannie Mae’s National Housing Survey and what consumer confidence looks like right now
The amount of mortgages in forbearance declined for the fifth straight week, from 8.18% to 7.8% the week ending July 12, 2020
According to the National Low Income Housing Coalition, minimum wage workers need to make $23.96 per hour to comfortably afford a two-bedroom rental
First American Chief Economist Mark Fleming emphasized the downside of plummeting mortgage rates: 'Why move when you can lock in at less than 3% in a time like this?'
The median home sale price in the US rose by 2.8% from the previous year in June, marking an all-time high of $311,300, according to Redfin