Low Mortgage Rates and a Hot Stock Market Drive Down All-Cash Home Purchases
Nearly a quarter of all home sales in the U.S. were paid for outright, according to a report by Redfin. About 24.3 percent of homes […]
Mortgage Rates Hit a New Record Low, Reports Freddie Mac
The rate on a 30-year fixed hit a new low this week of 2.67 percent, according to Freddie Mac. It’s the first time the average 30-year […]
San Diego Ranks First in Home Bidding Wars Says Redfin
National property broker Redfin is reporting this week that 53.6 percent of U.S. home offers written by Redfin agents nationwide faced competition in November 2020. […]
The Housing Market Continues to Roar Ahead
Despite a worsening pandemic, economic disruptions and a divisive political environment, the U.S. housing market continues its unstoppable forge ahead. Demand for new homes (+41%), […]
Homes Sales Surge in September, Prices Up 14.8 Percent from Last Year
Sales of existing homes rose a higher-than-expected 9.4% in September to a seasonally adjusted annualized charge of 6.54 million units, according to a report from […]
Latino Home Ownership on the Rise
Latin homeownership gains in recent years have far exceeded those of other groups. About 18% of the U.S. population identifies as Latin, yet they have […]
Three Real Estate Initiatives on the California Ballot in 2020
In addition to the presidential, congressional and local elections this year, California voters will decide the fate of twelve state propositions, including three directly related […]
Home Prices Up 13%, Biggest Increase Since 2013, Says Redfin
The U.S. median home sale price increased 13% from 2019 to $319,178—the highest on record, according to a new report from Redfin, the technology-powered real estate brokerage. This […]
New Home Buyers Push Demand for Mortgage Applications Up 33% from Last Year
A report by the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2020 showed that mortgage applications for new home purchases increased […]
Annual Net Leasing Activity Plunged 68 Percent in Q2, Says CBRE
Net-leasing investment volume dropped 68.1% year-over-year to $8.1 billion in Q2, according to new research from CBRE Group. The decline for total U.S. commercial real estate over […]