Although 80 percent of homebuyers consider price to be the most important consideration of a purchase, 41 percent were willing to go above budget by an average of $25,000 for a perfect home.
Months into pandemic, 70% of guests are afraid to stay in an Airbnb
June 1, 2020 by
Additionally, nearly half of Airbnb hosts reported that they don’t currently feel safe renting out properties, according to a survey by IPX1031.
Amid halt on foreclosures, zombie property rate remains constant
May 28, 2020 by
The number of U.S. homes in the process of foreclosure that are currently sitting empty barely changed between the first and second quarters of 2020, due to the coronavirus-induced moratorium on foreclosures.
Unshackling MLS data: It’s time to accelerate NOW
May 27, 2020 by
The real estate data race is at full throttle. Broker, MLS and association initiatives are attempting to provide brokers with faster access to more robust data. Traditional policy is hampering that progress. We need a new model.
DelPrete: How the pandemic has impacted international markets
May 21, 2020 by
Markets with stringent lockdowns saw new listings plummet by 90 percent, while other markets saw no change. According to an analysis by Mike DelPrete, as the world begins to recover, the data shows that the longer and more severe the lockdown, the fast…
Time on market sees greatest increase in 7 years
May 21, 2020 by
Homes sat on the market 15 days longer than last year during the week ending May 16, resulting in the greatest increase in time on market since 2013.
Residential refis make up 55% of home loans in first quarter
May 21, 2020 by
Spurred by historically low interest rates, new refinances made up about $328.5 billion in total dollar volume in Q1, up 105 percent from the same period last year.
4.1M Americans are now enrolled in mortgage forbearance plans
May 19, 2020 by
As of May 10, 8.16 percent of all mortgages were in forbearance, up from 7.91 percent on May 3 — the smallest increase since March, according to the Mortgage Bankers Association.
Here’s how COVID-19 impacted home construction in April
May 19, 2020 by
Privately owned housing starts dropped roughly 30 percent as a result of COVID-19 in April, according to data released Tuesday by the U.S. Census Bureau.
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