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Housing Industry Poised to Lead U.S. Economic Rebound, Post COVID-19 Pandemic

Housing Industry Poised to Lead U.S. Economic Rebound, Post COVID-19 Pandemic

According to a new study from the National Association of Home Builders, the U.S. housing industry stands poised to lead the economic rebound once social distancing and other virus mitigation efforts show success in containing the coronavirus pandemic. Read More »


Foreclosure Calm Before the Coronavirus Housing Market Storm Begins

Foreclosure Calm Before the Coronavirus Housing Market Storm Begins

There were a total of 48,004 U.S. properties with foreclosure filings, default notices, scheduled auctions or bank repossessions. Read More »

Affordable East Coast, Midwest Housing Markets Have Lowest Economic Risk from COVID-19 Recession

Affordable East Coast, Midwest Housing Markets Have Lowest Economic Risk from COVID-19 Recession

Affordable East Coast and Midwest cities have the lowest overall economic risk in the 2020 recession that began in March 2020. Read More »

COVID-19 Outbreak Now Impacting U.S. Mortgage Industry

COVID-19 Outbreak Now Impacting U.S. Mortgage Industry

According to new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 27, 2020, U.S. mortgage applications increased 15.3 percent from one week earlier. Read More »


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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated April 3, 2020 9:00 AM ET

North America Residential News Property News

Each of the four major regions saw an increase in month-over-month contract activity, as well as growth in year-over-year pending home sales transactions compared to one year ago.

Senate passage of the nearly $2 trillion stimulus package to combat the coronavirus pandemic.

Zillow research is now reporting that American renters who work in food and retail industries can find themselves spending 40% of their annual income on housing costs if they are unable to work for two months

The median U.S. home price in the first quarter of 2020 was unaffordable for average wage earners in 319 of 483, or 66 percent of the U.S. counties analyzed in the report.

It has been a wild ride for mortgage rates over the past month, which touched record lows then rebounded just as fast.

Given growing U.S. housing market uncertainty caused by the recent Coronavirus outbreak, Zillow Group announced this week it will pause home buying in all 24 U.S. markets where Zillow Offers currently operates in response to local public health orders related to COVID-19.

Sales of newly built, single-family homes fell 4.4 percent to a seasonally adjusted annual rate of 765,000 units in February 2020, coming off a sharp upward revision in January 2020.

RENTCafe.com is reporting this week that the number of sessions decreased by approximately 25% in the week of March 11-17, 2020

According to the National Association of Realtors, U.S. existing-home sales climbed substantially in February 2020 after a slight decline in January.

National rent increase of 2.9% year over year, down slightly from a 3.2% year-over-year increase in January 2019. Rent prices are now increasing at double the rate of inflation, presenting affordability challenges among current and prospective renters.

Total housing starts decreased 1.5 percent in February 2020 from an upwardly revised January reading to a seasonally adjusted annual rate of 1.60 million units.

The average annual gross rental yield (annualized gross rent income divided by median purchase price of single-family homes) among the 389 counties is 8.4 percent for 2020

The Orlando Regional Realtor Association is reporting this week that Orlando's housing market in February 2020 saw its home sales improve by more than 4% compared to February 2019

According to the Miami Association of Realtors, Miami-Dade County total home sales surged double digits year-over-year in January 2020 thanks to a robust increase in mid-market and $1-million-and-up transactions.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 3.36 percent in early March 2020.

Nearly 1 in 4 U.S. home sellers nationwide are changing how their home is viewed while the home remains on the market.

U.S. homeowners with mortgages have seen their equity increase by 5.4% year over year, representing a gain of nearly $489 billion since the fourth quarter of 2018.


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