The housing market shook off a dismal April with a big-time comeback in May. The Mortgage Bankers Association reports that purchase applications were up another 9% week-over-week. That’s the sixth straight week we’ve seen purchases increase. That is a welcome relief after the doozy that was the month of April. …
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April was not pretty for the housing market. Existing home sales were down 17.8% month-over-month and 17.2% year-over-year, according to the latest data from the National Association of Realtors. That’s the slowest sales rate since September 2011. No buying means no moving which means inventory continues to struggle. According to …
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COVID-19 has been one of the many plagues that have wreaked havoc on our earth in recent history. It took us all by surprise because we never expected to experience this particular disease in such a global scale in today’s modern world. It is a global pandemic that has affected …
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California, once known as the land of golden dreams, has become a housing nightmare. The housing crisis in California is getting worse. According to a statewide survey that was conducted earlier in 2019, a majority of California residents said that one of the biggest problems in their region was lack …
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There are plenty of factors that affect the housing market in Toronto such as customer trust, interest rates, unemployment, mortgage availability, or growth in the economy. But arguably the greatest factor as of this writing is the coronavirus pandemic. In this article, we’ll go over the state of the Toronto …
Read More »The housing industry remains a silver lining for the United States economy as the rapid spread of coronavirus (COVID-19) continues. The 11-year bull market on Wall Street came to an end this week as the Dow Jones Industrial Average dropped to 20% below its peak, putting it into bear territory. …
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Reading Time: 2 minutes The spread of the coronavirus across mainland China, and internationally, continues to take up space in markets. More than 60,000 cases of the coronavirus have been confirmed in China with more than 1,300 deaths associated with the virus in the country. There have been 15 confirmed …
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