While much of the country was working on a phased reopening of the economy in
June, real estate activity continued to strengthen as well. Nationally, June showing
activity as tracked by ShowingTime was up notably from the COVID-19 depressed
levels in recent months but was also up from …
While the effects of COVID-19 in the broader economy continue, real estate activity
is beginning to recover across much of the country. According to Freddie Mac,
mortgage rates have been below 3.3 percent for more than four weeks and are
hovering near all-time lows, spurring strong interest …
While the stock market recovered significantly in March, the effects of COVID-19 to
the economy continues to build. In just the last four weeks, more than 20 million
people filed initial unemployment claims according to the United States Department
of Labor, fueled by stay-at-home orders and a slowdown …
As COVID-19’s impact spread across the country in March, the stock market
declines started in February accelerated downward before recovering a bit in the
last week of the month. With volatility across all the financial markets, lenders began
tightening underwriting standards and some buyers found they no longer …
As we progressed through February, the actual and expected impacts of COVID-19
continued to grow, with concerns of economic impact reaching the stock market in
the last week of the month. As the stock market declined, so did mortgage rates,
offering a bad news-good news situation. While short …
For 2020, The National Association of REALTORS® Chief Economist Lawrence Yun
sees good news for home prices. “National median home price growth is in no
danger of falling due to inventory shortages and will rise by 4%,” the long-term NAR
economist predicts. He is also expecting the …
In 2019 home prices were up again in most markets. Buyer demand continues to be
strong but with tepid seller activity still in many locations, total sales are lower than
they would normally be in a more balanced market. While up from their recent lows
a few months …
In November, the Federal Reserve reduced its benchmark rate for the third time this
year. This action was widely anticipated by the market. Mortgage rates have
remained steady this month and are still down more than 1 percent from last year at
this time. Residential new construction activity …
In October, mortgage rates increased slightly from the three-year lows seen in
September. While the Federal Reserve reduced the federal-funds target rate by
.25%, this decline was widely expected and largely factored into mortgage rates
already, which are still approximately 1% lower than this time last year. Fannie …
With the kids back in school and the weather cooling, the housing market begins its annual cooldown as well. Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates and a strong economy. The market fundamentals suggest no significant changes from recent trends, other than the …
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