Hot market was doused by pandemic, Zillow report shows
A new report shows that what was poised to be 'the most competitive' spring market in years instead ended up with plummeting numbers of new listings
by Jim Dalrymple II Apr 10
Broker confidence in New York City plummets to record low
The ongoing coronavirus pandemic has left brokers more pessimistic than ever about the present, though they are more upbeat about the future
by Jim Dalrymple II Apr 9
Mortgage credit availability decreased 16.1% in March
The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults
by Marian McPherson Apr 9
Mortgage rates remain flat but could go lower this year
The average rate for a 30-year, fixed-rate mortgage is at an all-time low, but it could drop further if the economy stabilizes
by Patrick Kearns Apr 9
Colorado Springs ranked hottest housing market in March
The city was ranked the hottest housing market for the second consecutive month by Realtor.com with half of all homes selling in under 28 days
Another 6.6M filed for unemployment last week
More than 15M Americans have filed for unemployment insurance since states began issuing stay-at-home orders
by Patrick Kearns Apr 9
US property taxes increased to $306.4B in 2019
The total property taxes levied on single-family homes last year increased by 1% from 2018, the smallest increase in the past three years
As coronavirus restrictions lift, China's real estate sales bounce back
A new report found that the number of sales across China's 30 largest cities reached 5,976 on March 31 — an enormous increase from a low of 22 on Feb. 8, when the country was at the height of the pandemic
intersection in new york city
The Community Housing Investment Program said that only 10% of its landlords did not receive rent for the coming month
About half of US small businesses have not paid full April rent
About 30% of survey respondents said they did not make a rent or mortgage payment in April, and 20% said they made a partial payment, according to a poll by Alignable
New listing volumes plunge 50-75% across the globe
Opinion
One of the top leading indicators of transaction volume decline, new listings, has dropped an average of 63% in the markets earliest hit by COVID-19
by Mike DelPrete Apr 7
Post-virus home price growth forecasts show spike in the West
In the wake of the COVID-19 pandemic and its effects on the market, home prices are expected to increase at half the rate prior to the outbreak, according to forecasting by Veros Real Estate Solutions
February home prices reflect pre-coronavirus market strength
Because sales typically represent contracts that were signed in the previous two months, CoreLogic expects the pandemic's effects will start to show in the April data
Northeast markets most susceptible to impacts of coronavirus
Counties in the Northeast and Florida are at the greatest risk of taking the biggest hit to the housing market in the wake of the pandemic
Making sense of the headlines: Is the jumbo mortgage market collapsing?
Opinion
The jumbo market has not imploded, but economic uncertainty has led to fewer players in that space today
by Matthew Gardner Apr 6
Announcing Inman Connect Now, June 2-4, 2020
Inman's new virtual event, taking place June 2-4, 2020, will bring together the Inman community in ways never before possible
by Inman Apr 6