Where are the best and worst COVID-19 rebounds?

A recent Clever Real Estate report looked at the national trends that were spurred this year by COVID-19. Here are a few of them — plus the top five metros with the biggest increases as well as drops in buyer demand.

In a positive sign, number of equity-rich properties continues to rise

During the second quarter of 2020, equity-rich properties outnumber seriously underwater properties 4 to 1, according to a report by Attom Data Solutions.

Mortgage applications drop 5.1%

The decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new government-issued stimulus package.

COVID-19 may have silver lining for agents, iBuyers: Spencer Rascoff

The former Zillow CEO argued during Inman Connect Now that crises such as the current coronavirus pandemic “have a terrific silver lining for innovators and entrepreneurs.”

6 habits to adopt now if you want to build wealth

Husband-and-wife team Wendy and Jay Papasan believe periods of crises can be a chance to refocus your financial journey and adopt wealth-building habits. They shared their strategies at Inman Connect Now.

Late July home sales prices reach record heights: Redfin

The median home sale price soared 11 percent year over year, bringing that figure up to a record-high of $315,000, according to a market report by Redfin.

Mortgages in forbearance continue to drop

The total share of loans in forbearance dropped to 7.67 percent of servicers’ portfolio volume, according to the Mortgage Bankers Association.

Home prices continued upward trend in June: CoreLogic

Despite the coronavirus outbreak and looming recession, national home prices continued their upward trend in June, rising 4.9 percent year over year, according to the latest data from property analytics provider CoreLogic.

Making sense of the headlines: What you should know about the Case-Shiller Index

Looking for a little clarity on this week’s news? Windermere Chief Economist Matthew Gardner dives deeper into the lesser known components of the Case-Shiller Home Price Index and what they can tell us about the health of the market.

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