Home price growth stays strong amid high demand: CoreLogic

Amid low inventory and sky-high demand, home prices rose at a steady rate this spring — even as fears of a pandemic-induced downturn remain.

Rent price growth plummets amid widespread unemployment

Rent for a single-family home or apartment grew by only 2.4 percent year over year in April, according to property analytics provider CoreLogic.

Property management software is soaring in popularity amid virus

AppFolio, which provides cloud-based property management software, saw its shares grow by 44.3% in May. The growth came as property managers adapted to work-at-home orders.

March delinquency rates remain at record lows despite coronavirus

March delinquency and foreclosure rates do not yet reflect the impact of the coronavirus outbreak and subsequent closures, according to Corelogic.

Manhattan real estate sales fall 84%

Only 160 contracts were signed in the New York borough in May — an 84-percent drop compared to 992 last year, according to a new UrbanDigs study.

‘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.

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.

Home prices were still soaring in April amid pandemic’s peak

April home values rose by 5.4 percent year over year and 1.4 percent from the previous month, according to the latest data from CoreLogic.

New-home sales rose modestly in April

Sales of new single-family homes rose 0.6 percent to a seasonally adjusted rate of 623,000 in April, according to U.S. Census Bureau data released Tuesday.

Even as virus spread in March, home prices grew modestly

Home prices rose 4.4 percent, up from 4.2 percent in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.