‘We’re watching recovery happen as we speak’: Economists
The long-term prognosis is more optimistic than many think, economists from Zillow and Windermere said during a panel at Inman Connect Now on Wednesday. Continue reading
The long-term prognosis is more optimistic than many think, economists from Zillow and Windermere said during a panel at Inman Connect Now on Wednesday. Continue reading
“High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,” Joel Kan of the Mortgage Bankers Association said. Continue reading
Sales of new, single-family homes fell 15.4 percent to a seasonally adjusted rate of 627,000 in March, according to U.S. Census Bureau data. Continue reading
Existing-home sales fell 8.5 percent in March to a seasonally adjusted annual rate of 5.27 million units, according to NAR. Continue reading
Housing starts fell 22.3 percent to a seasonally adjusted rate of 1,216,000 in March, according to a new report released Thursday. Continue reading
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
Since sales typically represent contracts that were signed in the previous two months, CoreLogic expects the pandemic’s effects will start to show in the April data. Continue reading
How cities, businesses and housing markets behave over the next 30 days as the pandemic continues to spread will be crucial on the road to recovery. Continue reading
Home prices rose 3.9 percent in January, but the data does not take into account the impact of the coronavirus pandemic, which didn’t take hold in the U.S. until late February. Continue reading
A new WalletHub report looked at median mortgage balances compared to median income and median home values in different American cities. Continue reading