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%
August 5, 2020 by
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.
Quarter of homebuyers are moving — and moving sooner than expected
August 5, 2020 by
Twenty-five percent of homebuyers reported the pandemic has caused them to move — or speed up their moving timeline, according to a survey by Redfin.
EXp Realty wants to go head-to-head with Zillow and Redfin
August 4, 2020 by
During Connect Now, CEO Glenn Sanford shared why the company is launching a consumer-facing platform and why he believes agents need to make tough decisions with certain vendors.
Late July home sales prices reach record heights: Redfin
August 4, 2020 by
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
August 4, 2020 by
The total share of loans in forbearance dropped to 7.67 percent of servicers’ portfolio volume, according to the Mortgage Bankers Association.
Making sense of the headlines: What you should know about the Case-Shiller Index
August 4, 2020 by
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.
Rent prices are slowing faster in cities than in the suburbs: Zillow
August 3, 2020 by
Between February and June, annual rent growth slowed 2 percentage points in urban areas while slowing by just 1.4 percentage points in suburban areas, according to a Zillow study.
Agent wages are rising, but not everywhere or for everyone
July 29, 2020 by
New data shows that as of May 2019 the average U.S. agent salary was $62,060. But wages are moving in different directions in different states.
US homeownership rate hits near 12-year high — or did it?
July 28, 2020 by
New data from the Census Bureau indicates that the homeownership rate surged to its highest point since the third quarter of 2008, but a change in data collection methodology may have impacted the results.
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