Real Estate Markets & Economy
Privately owned housing starts dropped roughly 30% as a result of COVID-19 in April
With the pandemic wreaking havoc on the economy and leaving millions out of work, small landlords and Airbnb hosts are finding new ways to move forward amid financial trouble
A new survey conducted by CBRE Group shows that 72% of companies are planning a phased reopening, and 59% will provide masks for employees, among other safety initiatives
'If you tell me you’re going to rent them out to people from New York City, I'm probably not going to approve that, OK?' Governor Ron DeSantis said on plans to allow vacation rentals to restart
The National Association of Home Builders' Housing Market Index rose from 30 to 37
The investor behind Compass and Opendoor predicted that, of the 88 companies the Vision Fund invested in, 15 could go bankrupt due to COVID-19
Although Colorado Springs ranked as the hottest market for the third consecutive month, Fort Wayne, Indiana, and Topeka, Kansas, also rose the ranks to make the top 5 hottest markets
Agents in New York state can't do in-person showings or open houses. But they told Inman that at least some price points are still seeing a lot of action
The state ranked high largely because of investment in and support of the tech sector, as well as solid widespread internet connectivity
Page views of Redfin home listings in small towns jumped 105% year over year, while page views of homes in urban metros increased by 16%
Buyers are looking for homes in different places, and with different characteristics, than they did before COVID-19 brought chaos to the US
The pandemic's chaos has upended many parts of the economy, but luxury agents believe international buyers will still gravitate toward the relative safety of the U.S. market
As the coronavirus pandemic gradually improves, a patchwork of plans to reopen local economies has emerged across the US
National Association of Realtors Chief Economist Lawrence Yun predicts inflation will be delayed for five or six years — and then the price of everything will rise
Although the first quarter saw an overall increase in median home prices in a majority of opportunity zones, Attom Data Solutions noted that those numbers do not yet reflect the full effect of the COVID-19 pandemic on the market
The trend could ease price pressure on urban and inner suburban areas, according to Zillow Principal Economist Skylar Olsen
The New York-based property management and listings platform will not charge fees for its digital leasing software for 90 days