Survey: 25% of Homebuyers Are Moving—Or Moving Sooner Than Planned—Because of the Pandemic
Low mortgage rates, spending more time at home and working from home are driving forces for people moving due to the coronavirus pandemic.
Housing Market News
Late-July Home Sale Prices Up 11%, Largest Annual Increase Since 2014
Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year mortgage rates have hovered around 3% for three weeks, and mortgage purchase applications were up 21% from a year
Late-July Home Sale Prices Up 11%, Largest Annual Increase Since 2014 Read More »
Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up
Homebuyer interest in condos dropped with the coronavirus pandemic along with prices, but buyers seeking affordable living are starting to return.
Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up Read More »
Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record
Almost half of surveyed homebuyers said they made a bid on a home without seeing it in person, up from 28% in 2019, amid pandemic fears and competition driven by a worsening housing shortage
Homeownership Hits Highest Level Since 2008 Driven by Younger, First-Time Buyers
Many renters who were planning a purchase in the next few years, have opted to go ahead and buy now given historically low rates.
Homeownership Hits Highest Level Since 2008 Driven by Younger, First-Time Buyers Read More »
20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year
1 in 5 successful offers waived the inspection contingency in June as bidding wars intensified amid a deepening housing shortage and record-low interest rates
