Current Market Data
Despite record-breaking unemployment, sales of newly built single-family homes rose in May, as builders rushed to meet pent-up demand and flight to suburbs.
While existing-home sales were down again, the National Association of Realtors predicts a post-lockdown boom that will surpass 2019 sales figures.
“Markets with stronger job creation pre-COVID are proving to have the crucial edge for real estate activity, particularly those with a strong technology sector.” — Javier Vivas, director of economic research for Realtor.com
While existing-home sales were down again, the National Association of Realtors predicts a post-lockdown boom that will surpass 2019 sales figures.
Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments and casting doubt on the future of young workers in particular.
Although the single-digit decline from the previous month nationally is good news, home sales still lagged May of 2019 by 33.7%.
May applications for new home purchases were up 26% from April, pointing to a recovery that’s already underway.
In a sign of continued forward momentum, single-family permits posted an 11.9% gain in May, while builder sentiment jumped 21 points in June.
Miami’s bidding wars are starting to resurface, according to a new report.
Nationwide, home flippers saw a 36.7% return on their investment in the first quarter of 2020.
The National Association of Realtors’ chief economist offers some talking points to ease concerns of clients who are hesitant to enter the market.
“Homeownership has already been delayed for many millennials and the coronavirus could push the timetable even further out for some.” — Danielle Hale, chief economist, realtor.com
There’s a lot of speculation about how the novel coronavirus will impact your business, but it’s not all accurate. RCLCO Real Estate Advisors debunks the top five myths that real estate pros should be aware of.
A real estate marketing guru and Tik Tok aficionado gives the inside scoop on the increasingly popular social network.
In a new e-book, national leaders from the brokerage and real estate technology sectors offer tips for making the most of this moment of change.
A new ATTOM report reveals that zombie foreclosures declined in the second quarter of 2020, likely a result of the temporary foreclosure moratorium on federally backed loans.
