Tag Archives: Housing

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Tightened supply was largely responsible for a 10.6% drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors, …

It has been roughly a year since the COVID-19 pandemic began in the United States, and more people than ever are buying residential real estate in vacation housing markets, according to HousingWire. In a study of counties that have seen the largest uptick of homebuyers – and, subsequently, home value …

Bidding wars. Soaring profits for sellers. A shift in working remotely. A push for amenities. After 2020, some markets will stand out above the rest. According to National Mortgage News, With the combination of extremely low inventory and interest rates holding near historic lows, forecasts show 2021 shaping up to …

Vaccines are being distributed. Hospitalizations seem to be on the decline in several areas. Now it’s time to think about life after the pandemic. What habits and cultural shifts are going to stay? Which ones are going to be thrown to the wind as soon as possible? Experts at HousingWire believe …

With the new year comes a flurry of forecasts and predictions about the mortgage and housing market. In today’s update, let’s look at a few of the outlooks reporting strong expectations for 2021. As reported by Yahoo:  1. Home prices will go up In 2020, median listing prices grew 13.3%, …

Record-breaking profits lead to record-breaking investment in the Movement Foundation. Movement Mortgage, one of the nation’s largest retail mortgage lenders, is honored to announce a $ 200 million investment to expand its nonprofit Movement Foundation and accelerate the development of its Movement Schools charter school network, develop adjacent affordable housing …

For 17-straight weeks, the 30-year fixed-rate mortgage interest rate has averaged below 3%. This week the Freddie Mac 30-year fixed-rate mortgage average dipped to another historic low, the thirteenth this year, hitting 2.72%. Freddie Mac’s Chief Economist Sam Khater cited weak consumer spending as the reason for the decline.  Historically …

Politics aside, the housing market in many areas has slowed down due to uncertainty about the economy. Everyone has an opinion about the 2020 presidential election — including real estate agents. HomeLight asked 1,157 of their top agents how they thought the election would affect the housing market. Here are …

Much of the activity in college towns — like Athens, Georgia, pictured — centers on the university’s events. Since Covid-19 has pushed learning online, business has dried up in many college towns. The Covid-19 pandemic has led to major lifestyle changes, including how people learn, work and play. That could …