The number of contracts to buy homes fell significantly in April from the month before, according to new numbers from the National Association of Realtors’ Pending Home Sales report. But despite the double-digit decline, Lawrence Yun, NAR’s chief economist, says he sees improvement just around the corner. In fact, he thinks April may be the …
Coronavirus-related lockdowns began in mid-March and affected most of the country by April. So, naturally, expectations were that sales of new homes would tumble even further in April than the nearly 14 percent drop they posted in March. But surprisingly, new numbers from the U.S. Census Bureau and the Department of Housing and Urban Development …
New numbers from the National Association of Realtors show homes for sale sold quickly in April. In fact, the typical property was on the market for just 27 days, with 56 percent of homes selling in less than a month. But while homes for sale didn’t stay on the market long, the total number of …
Affordability is always a top concern for buyers. After all, when you’re thinking about buying a home, there are few considerations more important than whether or not you can afford it. So how has the coronavirus affected affordability and what does it mean for prospective buyers? Well, according to a new analysis from the National …
Naturally, the coronavirus and efforts to slow its spread have affected the housing market. Early on, surveys showed home sellers were more pessimistic about conditions than buyers were. As a result, the number of homes for sale took a hit, as homeowners who had planned to sell this spring delayed their plans and took a …
The coronavirus hasn’t just changed the way we shop for homes. It’s also changed where we shop for homes. In fact, according to new data from one consumer real estate portal, prospective home buyers have been showing increasing interest in moving away from city centers and into less densely populated areas. For example, views of …
When considering where to live, there are some factors that are based on your specific preferences and others that are universal. For example, we may not all agree on the style of house we’d like but we all value our privacy. Security is another thing we can all agree on. Nobody wants to live somewhere …
Approximately one in four of the 54.7 million mortgaged homes in the United States was considered equity rich in the first quarter of 2020, according to new numbers from ATTOM Data Solutions. Equity rich refers to when the amount owed on a property is 50 percent or less of the property’s value. Conversely, just one …
Fannie Mae’s most-recent Home Purchase Sentiment Index found Americans aren’t expecting big changes ahead for home prices and mortgage rates. The survey – which measures perceptions of the housing market and Americans’ financial health – revealed that housing sentiment has fallen but, despite rising pessimism, consumers don’t foresee significant changes to affordability factors in the …
Americans See Little Change Ahead For Affordability Read More »
Everybody knows location is important in real estate. But, if you’ve got a home to sell, when you do it makes a difference too. And while experts will tell you that trying to time the market is a mistake, there are certain times of year that are undeniably better for home sellers than others. For …
