Mortgage rates drop to 30-year low

The average contract interest rate for 30-year fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began its weekly survey. Continue reading

‘Strong recovery’ on horizon, V curve possible, says real estate exec

Patrick Stone, of WFG National Title Insurance Company, said Tuesday that home sales will likely be down in 2020, but overall, he’s optimistic about an economic recovery from the current pandemic. Continue reading

Delinquency rates still low, but a pandemic-related jump to come

‘We expect delinquency rates to jump significantly throughout the year as the economic toll from COVID-19 becomes more evident,’ CoreLogic President Frank Martell said. Continue reading

Making sense of the headlines: What will happen with interest rates?

Looking for a little clarity on this week’s news? Windermere Chief Economist Matthew Gardner talks through the 30-year mortgage and how rates will move the rest of this year. Continue reading

How to give tenants a break while also protecting yourself

The coronavirus pandemic has kneecapped many tenants’ ability to pay rent. Landlords may want to offer some leeway, but they have to be smart about it. Continue reading

Google searches soar for ‘mortgage’ and ‘home.’ ‘Real estate,’ not so much

Google’s data shows changes during the pandemic in home-related online searches. Some experts believe those trends hint at longterm shifts in consumer preference. Continue reading

Colorado Springs ranked hottest housing market in March

The city was ranked the hottest housing market for the second consecutive month by Realtor.com with half of all homes selling in under 28 days. Continue reading

US property taxes increased to $306.4B in 2019

The total property taxes levied on single-family homes in 2019 increased by 1 percent from 2018, the smallest increase in the past three years. Continue reading

As coronavirus restrictions lift, China’s real estate sales bounce back

A new report found that the number of sales across China’s 30 largest cities reached 5,976 on March 31 — an enormous increase from a low of 22 on Feb. 8, when the country was at the height of the pandemic, and slightly higher than December’s pre-pandem… Continue reading

Even amid coronavirus, most New York tenants paid April rent

The Community Housing Investment Program (CHIP) said that only 10 percent of its landlords did not receive rent for the coming month. Continue reading