Cheap Money Fuels the COVID-19 Housing Recovery
According to Freddie Mac’s latest Primary Mortgage Market Survey for Mid-July 2020, the 30-year fixed-rate mortgage in the U.S. averaged 2.98 percent, the lowest rate in the […]
Residential Real Estate
A Record Number of Americans are Considering Relocating, Says Redfin
A record 27 percent of home searchers are looking to move to another metro area in April and May 2020, according to a new report from Redfin, a […]
Manhattan Apartment Sales Drop to the Lowest Level in 30 Years
Manhattan apartment sales fell by 54% in Q2, the largest percentage decline in 30 years as the real estate lockdown and urban flight due to […]
COVID-19 Infects the Housing Market
Despite an improving unemployment picture and resilient home prices, there are growing signs that the COVID-19 pandemic is finally catching up with the housing market, […]
Despite a Plunge in Sales, Home Prices Continue to Gain Strength
Home sellers have remained steadfast in their asking prices despite a dramatic drop in homes sales as a result of the Coronavirus pandemic, according to […]
New Mortgage Applications Down and Loan Forbearance Numbers Up, Says MBA
New Mortgage Applications Drop by 12 Percent from Last Year According to the most recent Mortgage Bankers Association Builder Application Survey data for April 2020, mortgage applications […]
Mortgage Rates Fall to a Historic Low
Mortgage rates fell to their lowest level since Freddie Mac started reporting this data in 1971, as the coronavirus shutdown continued to play havoc with […]
The Average Single Family Home Property Tax in 2019 was $3,561, Says ATTOM
The average property taxes of $3,561 for a single-family home in 2019 was up 2 percent from the average property tax of $3,498 in 2018, and the effective […]
New Home Listings Plunge as Pandemic Takes Hold
New listings across the U.S. have fallen off, down 27.1% year-over-year on April 5 as the coronavirus pandemic took hold, according to new research by […]
Coronavirus Real Estate Update #4: The Pain Starts Spreading
Local directives of Shelter-In-Place, Social Distancing and the mass closure of a vast array of businesses (restaurants, bars, malls, theatres, etc.) has resulted in 16 […]