Sat.Sep 19, 2020 - Fri.Sep 25, 2020

Home prices post record two-month gain, FHFA says

Housing Wire

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.

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The Cost of a Home Is Far More Important than the Price

Keeping Current Matters

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%

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STOP giving Zillow your ad money, listing data – today, they’re a competing brokerage

The American Genius for Real Estate

(REAL ESTATE) We've warned of this for years, the industry funded it, and Zillow Homes brokerage has launched, and there are serious questions at hand.

The Cover is Not the Book | 5 Homes with Handsome Libraries

Sotheby's International Real Estate

Nothing quite matches the experience of relaxing with a good book. From formal and wood-clad to modern and creatively illuminated, these five libraries are distinctive places to display and enjoy a collection of favored tomes. Vintage Hollywood Glamour.

Sales of existing homes surge to a 14-year high

Housing Wire

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.

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Home Builder Confidence Hits All-Time Record

Keeping Current Matters

Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83.

More Trending

6 Encouraging Reasons to Invest in Real Estate During COVID-19

C4D Crew

While many people think that the stock market has been the only investment game in town during COVID-19, savvy investors are looking for real estate opportunities.

United Wholesale Mortgage plans $16B public debut via acquisition

Housing Wire

United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition.

Is the Economic Recovery Beating All Projections?

Keeping Current Matters

Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago.

CoreLogic: Home Equity Rises Despite the Pandemic

RIS Media

CoreLogic® recently released the Home Equity Report for the second quarter of 2020. The report shows U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase by 6.6 percent year-over-year.

Fall Is Here

Waterfront Properties

Today, September 22nd is the first official day of Fall. The Autumnal Equinox or also called the September Equinox or Fall Equinox arrives today when Fall begins in the Northern Hemisphere and Spring begins in the Southern Hemisphere.

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Wow — 6 million existing home sales! However, context is key with 2020 housing market data

Housing Wire

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?

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Home Equity Give Sellers Options in Today’s Market

Keeping Current Matters

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates.

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Existing-Home Sales: August Reaches Highest Level Since December 2006

RIS Media

Existing-home sales in August continued to climb, reaching an all-time high since December 2006 and marking three consecutive months of positive sales gains, according to the National Association of REALTOR® (NAR). In August, total existing-home sales increased 2.4

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What to do when your CARES Act mortgage forbearance ends

The Morgtage Report

Millions of CARES Act mortgage forbearance plans are set to end in September and October Should you extend your forbearance plan or exit? Mortgage News Mortgage Strategy

[PULSE] 5 reasons mortgage rates will fall in 2021, according to Dave Stevens

Housing Wire

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. Now before you respond, just read the rest as to why. The Mortgage Bankers Association in its most recent forecast sees two things that stand out.

Home Equity Gives Sellers Options in Today’s Market

Keeping Current Matters

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market. According to the just-released Q2 Homeowner Equity Insights Report by CoreLogic : “U.S.

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A Good Time to Sell a Home, Say Real Estate Experts

RIS Media

Historically low interest rates, insufficient housing inventory and a large wave of homebuyers seeking a lifestyle change have combined to create a robust sellers’ market in which bidding wars are becoming the norm, reports Weichert, Realtors®.

Canada’s Largest Real Estate Markets See Permanent Resident Declines Accelerate

Better Dwelling

Canada’s largest real estate markets have seen another demand factor almost disappear. Government of Canada (GoC) data shows permanent residents admitted fell in July. The decline was strongest in two of the country’s largest real estate markets – Toronto and Vancouver.

Housing market stays hot into fall with mortgage applications up 6.8%

Housing Wire

Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. The refinance index continued its upward climb, gaining 9% last week and jumping 86% higher than the same week one year ago.

Mortgage and refinance rates today, September 25, 2020

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Contrary to Freddie Mac’s weekly survey, we reckon they were the same last evening as they were a week […]. Mortgage Rates Now

How Brokers Saved 2020: CEO Exchange Speakers Share Strategies

RIS Media

If there’s one thing everyone can easily agree on, it’s that 2020 has seen more than its share of challenges. But for many top brokers, it has also been a year of surprising opportunity. On Sept.

Get Ready for the Hot Fall Market

American Lifestyle

The post Get Ready for the Hot Fall Market appeared first on American Lifestyle Magazine. Buying & Selling Finance Financial Advice Home Advice Home Buying Home Loan Real Estate Real Estate Agent Refinancing

[PULSE] The 2020 refi wave: Where activity is strongest, where it’s not, and what’s ahead

Housing Wire

The housing and mortgage markets have been the rare bright spots in an otherwise fragile economy brought forth by the ongoing COVID-19 pandemic. Mortgage origination volume this year is on track to be the highest in more than 15 years, led by a strong wave of refinances.

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Sacramento, Austin and Phoenix Are the Most Popular Destinations For People Searching For Homes Outside Their Metro Area

Redfin

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%

The New LGBTQ+ Real Estate Alliance Names Board of Directors

RIS Media

The new LGBTQ+ Real Estate Alliance has announced its board of directors in advance of the organization’s launch on Oct.1. John Thorpe was elected as The Alliance’s first president.

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7 Energy Saving Tips to Prepare for a Pandemic Winter Spent at Home

HomeLight

Searching for some winter energy saving tips? You’re smart to think ahead. For homeowners who live in multi-season climates, there’s plenty to love about fall.

Renovation loans get pandemic boost as homeowners want home offices

Housing Wire

Vexed by work-from-home arrangements owing to the COVID-19 pandemic, homeowners are taking the long view and rethinking floor plans. The reality is, home offices are no longer a luxury.

The best mortgage lenders for 2020: Reviews and rates

The Morgtage Report

The 9 best mortgage lenders for Below are the nine best mortgage lenders this year. We selected these companies based on their customer service, expertise, selection of loan products, and […].

Home Values Continue Rising, But Rent Growth Slowing

RIS Media

August experienced increasing U.S. home values, being driven by the pressure build-up due to this summer’s housing inventory shortage. According to the August Zillow® Real Estate Market Report , the month saw the biggest month-over-month increase in nearly seven years—up 0.7