Home Affordability Increasing Across Majority of U.S. in Q2
BY BRAD BECKETT ON JUNE 29, 2020
According to the ATTOM Data's latest U.S. Home Affordability Report median home prices of single-family homes and condos in Q2 are more affordable than historical averages in 49% of U.S. counties (with enough data to analyze), up 31% from one year ago. Click here to read more.
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Searches for Single-Family Homes on the Rise
BY BRAD BECKETT ON JUNE 25, 2020
A new report from Redfin shows that web searches for single-family homes has risen to its highest level in 4 years. They suggest that the Coronavirus pandemic is driving buyers to seek out larger houses located farther away from dense urban areas. Click here to read more.
Nearly 3 Million Adults Have Moved Back Home
HUD & FHFA Extend Foreclosure & Eviction Moratoriums through August
BY BRAD BECKETT ON JUNE 18, 2020
The U.S. Department of Housing & Urban Development (HUD) as well as the Federal Housing Finance Agency announced in mid-June that they were extending their moratorium on foreclosures and evictions through August 31, 2020. Click here to read more.
Read moreZillow is Buying Homes Again
BY BRAD BECKETT ON JUNE 15, 2020
Back in March we posted about Zillow pausing its Zillow Offers program due to market uncertainty from the Coronavirus pandemic. Well, fast-forward to the present with HousingWire reporting that they have resumed homebuying in at least 15 (out of 24) markets where they operate. Click here to read more.
Read moreReal Estate: What's in it For Me?
BY BRAD BECKETT ON JUNE 17, 2020
Many people are interested in real estate, but don't really know much about it. They know that it seems that a lot of people have made a lot of money in real estate (or achieved other goals using it), and they wonder if maybe there could be something in it for them, too. Click here to read more.
Read moreTop 10 Zip Codes with Highest Home Flipping Profits
BY BRAD BECKETT ON JUNE 17, 2020
According to ATTOM Data's latest U.S. Home Flipping Report, home flipping nationwide increased to a 14-year high in Q1 of 2020, while returns dropped to a nine-year low. Click here to read more.
Read moreReal Estate is Still Seen as Best Investment
BY BRAD BECKETT ON JUNE 16, 2020
For the 7th year in a row, Gallup is reporting that more Americans prefer real estate over other long-term investment vehicles for growing wealth.Click here to read more.
Read moreLocal Market Monitor's National Economic Outlook - June 2020
BY BRAD BECKETT ON JUNE 11, 2020
Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.
Read moreBlack Knight Says Past-Due Mortgages Increased by 1.6 Million in April
BY BRAD BECKETT ON MAY 25, 2020
According to Black Knight's "first look" report for April, past-due mortgages increased by 1.6 Million, which was the largest single-month increase ever recorded. There were 3.6 million homeowners past due on their mortgages as of the end of April, the largest number since January 2015. Click here to read more.
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