‘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

Demand for mortgages continued in last week of May: MBA

“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

Existing-home sales slammed with first major drop in March: NAR

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

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

February home prices reflect pre-coronavirus market strength

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

10 cities best prepared to weather a coronavirus-fueled economic storm

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 price gains extend into January — but virus looms large

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