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As the novel coronavirus took hold in the second quarter, households’ market values continued to rise, per second quarter 2020 Federal Reserve Flow of Funds report. In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6 MORE
Did you know that around 33% of homebuyers are reduced to tears by the process of buying a home? Doing your research and being prepared can go a long way toward reducing house-hunting anxiety. But what if you’re buying a short sale? MORE
The following content may have been republished here without the author's permission. The original post can be found at the following URL: OREA pitches land transfer tax holiday, renovation tax credit. MORE
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported : “Newly pending sales are up 25.5% MORE
Record-low inventory of homes for sale has “created a complete storm of insanity,” in small, affordable markets like Boise, which is seeing an influx of buyers leaving the West Coast. MORE
One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. MORE
Buyers seem undeterred, as pending sales soar 28% and a 9% increase in new listings brings little relief. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 6: Median home sale price increased 13% from 2019 to $319,178—the highest on record. MORE
The 2019 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 8.1 months, which usually includes a little over a month from authorization to start and another 7 months to finish the construction. MORE
Prices paid for goods used in residential construction continued their upward trend in August, increasing 0.9% (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. MORE
We asked 10 housing and finance experts for their mortgage rate predictions and housing forecasts for late-2020. Here's what they said. Mortgage Rates Mortgage Strategy Real Estate MORE
A global view of the pandemic’s impact on the commercial market. The world has changed dramatically since the coronavirus outbreak, and global real estate markets have not escaped its impact. The pandemic has magnified and accelerated a number of sector trends for the longer term. MORE
Sales of existing homes rose to a 14-year high of 6 million in August, the National Association of Realtors said in a report on Tuesday. Combined sales of single-family houses, townhomes, condominiums and cooperatively owned apartments rose 2.4% from July, according to the report. MORE
Home prices jumped more than 2% between May and July, the largest two-month gain on record, as Americans emerging from COVID-19 lockdowns bought real estate, the Federal Housing Finance Agency said in a Wednesday report. MORE
You’ve been house hunting for weeks, possibly months, and now you’ve finally found a beautiful home that would be just perfect for your family. Already familiar with how to make an offer on a house , you submit what you believe is a competitive offer and anxiously wait for a response. MORE
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? MORE
For Victoria Murphy, a RE/MAX agent in Oahu, Hawaii, getting her Realtor license was always a part of her plan. But shut-down orders in March helped push the college student to get it done. MORE
If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one. Buyers Are Actively in the Market. MORE
It’s a complicated, competitive world out there, made even more complex by the powerful pandemic that turned life upside-down for so many people. For real estate brokers, agents and investors, the initial freeze on the residential real estate market quickly turned to frenzy. MORE
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Second homes and the principal residence tax exemption. MORE
Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. MORE
Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. MORE
Urban District Realty , a Washington, D.C.-based based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet. MORE
Remote work is accelerating the trend of migration away from expensive places like New York and San Francisco toward relatively affordable inland areas, where out-of-towners are winning bidding wars and driving up home prices. Nationwide, 28.7% MORE
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Christopher Alexander: A decline in real estate prices is unlikely. MORE
Using the 2018 Rental Housing Finance Survey (RHFS) published by the US Census Bureau, this post examines the characteristics of rental housing in the United States. MORE
Freddie Mac recently released the results of its Primary Mortgage Market Survey ®, which showed that the 30-year fixed rate mortgage is averaging 2.86 percent—the lowest in survey history, which goes back to 1971. Here’s the breakdown: 30-Year Fixed-Rate Mortgage. Averaged 2.86 MORE
Painter Kenneth Noland said, “Context is key – from that comes the understanding of everything.” Whether that is true in the world of art I could not tell you, but it is most certainly true in the world of economics. What are numbers but meaningless points? MORE
Key takeaways for the 4-week period ending August 23: New listings of homes for sale were up 4% from a year ago—the largest increase since the four-week period ending March 15—but active listings continued to fall, down 28% from 2019. MORE
Is networking as we know it gone? With the impact of social distancing, the days of wine and cheese gatherings have come to a screeching halt, but that’s no reason to put your networking activities on hold. In the bestselling book, “Build Your Dream Network,” author J. MORE
National home prices continued to increase at a modest pace in July. While Los Angeles posted the strongest annual growth rate among the 19 metro areas, New York experienced a home price decline. The S&P CoreLogic Case-Shiller U.S. MORE
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The Fed adjourns from a 2-day meeting Wednesday. The group doesn't set mortgage rates but it can influence them. How this week's meeting could affect your refinance and purchase mortgage rate. Federal Reserve federal reserve FOMC Housing Mortgage mortgage rates Real Estate MORE
Housing Wire
SEPTEMBER 22, 2020
Painter Kenneth Noland said, “Context is key – from that comes the understanding of everything.” Whether that is true in the world of art I could not tell you, but it is most certainly true in the world of economics. What are numbers but meaningless points?
Housing Wire
SEPTEMBER 30, 2020
Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August.
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RIS Media
SEPTEMBER 13, 2020
A global view of the pandemic’s impact on the commercial market. The world has changed dramatically since the coronavirus outbreak, and global real estate markets have not escaped its impact. The pandemic has magnified and accelerated a number of sector trends for the longer term.
Keeping Current Matters
SEPTEMBER 30, 2020
If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one. Buyers Are Actively in the Market.
Eye on Housing
SEPTEMBER 21, 2020
As the novel coronavirus took hold in the second quarter, households’ market values continued to rise, per second quarter 2020 Federal Reserve Flow of Funds report. In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6
Redfin
SEPTEMBER 11, 2020
Buyers seem undeterred, as pending sales soar 28% and a 9% increase in new listings brings little relief. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 6: Median home sale price increased 13% from 2019 to $319,178—the highest on record.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 23, 2020
Home prices jumped more than 2% between May and July, the largest two-month gain on record, as Americans emerging from COVID-19 lockdowns bought real estate, the Federal Housing Finance Agency said in a Wednesday report.
RIS Media
SEPTEMBER 13, 2020
It’s a complicated, competitive world out there, made even more complex by the powerful pandemic that turned life upside-down for so many people. For real estate brokers, agents and investors, the initial freeze on the residential real estate market quickly turned to frenzy.
Keeping Current Matters
SEPTEMBER 3, 2020
Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase.
Eye on Housing
SEPTEMBER 21, 2020
The 2019 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 8.1 months, which usually includes a little over a month from authorization to start and another 7 months to finish the construction.
Redfin
SEPTEMBER 9, 2020
Record-low inventory of homes for sale has “created a complete storm of insanity,” in small, affordable markets like Boise, which is seeing an influx of buyers leaving the West Coast.
REM Online
SEPTEMBER 21, 2020
The following content may have been republished here without the author's permission. The original post can be found at the following URL: OREA pitches land transfer tax holiday, renovation tax credit.
Housing Wire
SEPTEMBER 28, 2020
Urban District Realty , a Washington, D.C.-based based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet.
RIS Media
SEPTEMBER 10, 2020
Is networking as we know it gone? With the impact of social distancing, the days of wine and cheese gatherings have come to a screeching halt, but that’s no reason to put your networking activities on hold. In the bestselling book, “Build Your Dream Network,” author J.
Keeping Current Matters
SEPTEMBER 10, 2020
One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year.
Eye on Housing
SEPTEMBER 4, 2020
Using the 2018 Rental Housing Finance Survey (RHFS) published by the US Census Bureau, this post examines the characteristics of rental housing in the United States.
Redfin
SEPTEMBER 1, 2020
Key takeaways for the 4-week period ending August 23: New listings of homes for sale were up 4% from a year ago—the largest increase since the four-week period ending March 15—but active listings continued to fall, down 28% from 2019.
REM Online
SEPTEMBER 29, 2020
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Christopher Alexander: A decline in real estate prices is unlikely.
Housing Wire
SEPTEMBER 22, 2020
Sales of existing homes rose to a 14-year high of 6 million in August, the National Association of Realtors said in a report on Tuesday. Combined sales of single-family houses, townhomes, condominiums and cooperatively owned apartments rose 2.4% from July, according to the report.
The Mortgage Report
SEPTEMBER 14, 2020
The Fed adjourns from a 2-day meeting Wednesday. The group doesn't set mortgage rates but it can influence them. How this week's meeting could affect your refinance and purchase mortgage rate. Federal Reserve federal reserve FOMC Housing Mortgage mortgage rates Real Estate
Keeping Current Matters
SEPTEMBER 29, 2020
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt?
Eye on Housing
SEPTEMBER 11, 2020
Prices paid for goods used in residential construction continued their upward trend in August, increasing 0.9% (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics.
RIS Media
SEPTEMBER 10, 2020
Freddie Mac recently released the results of its Primary Mortgage Market Survey ®, which showed that the 30-year fixed rate mortgage is averaging 2.86 percent—the lowest in survey history, which goes back to 1971. Here’s the breakdown: 30-Year Fixed-Rate Mortgage. Averaged 2.86
Redfin
SEPTEMBER 23, 2020
Remote work is accelerating the trend of migration away from expensive places like New York and San Francisco toward relatively affordable inland areas, where out-of-towners are winning bidding wars and driving up home prices. Nationwide, 28.7%
Housing Wire
SEPTEMBER 18, 2020
For Victoria Murphy, a RE/MAX agent in Oahu, Hawaii, getting her Realtor license was always a part of her plan. But shut-down orders in March helped push the college student to get it done.
The Mortgage Report
SEPTEMBER 8, 2020
We asked 10 housing and finance experts for their mortgage rate predictions and housing forecasts for late-2020. Here's what they said. Mortgage Rates Mortgage Strategy Real Estate
Keeping Current Matters
SEPTEMBER 22, 2020
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported : “Newly pending sales are up 25.5%
Eye on Housing
SEPTEMBER 29, 2020
National home prices continued to increase at a modest pace in July. While Los Angeles posted the strongest annual growth rate among the 19 metro areas, New York experienced a home price decline. The S&P CoreLogic Case-Shiller U.S.
REM Online
SEPTEMBER 10, 2020
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Second homes and the principal residence tax exemption.
Redfin
SEPTEMBER 2, 2020
You’ve been house hunting for weeks, possibly months, and now you’ve finally found a beautiful home that would be just perfect for your family. Already familiar with how to make an offer on a house , you submit what you believe is a competitive offer and anxiously wait for a response.
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