North America Residential
Real Estate News

Urban Rent Slowdown From COVID Signals Consumers New Interest in Suburbs

Urban Rent Slowdown From COVID Signals Consumers New Interest in Suburbs

Based on new research by Zillow, residential rent growth in the U.S. hit the brakes this spring due to the Coronavirus outbreak. In addition, rent prices in urban areas have slowed more than those in suburban areas, signaling that renters' preferred location in a COVID-19 world is now tilting toward the suburbs. Read More »


Palm Beach County Home Prices Rise in June

Palm Beach County Home Prices Rise in June

According to the Miami Association of Realtors, Palm Beach County median prices increased year-over-year in June 2020 as home sales continued trending upward despite the global COVID-19 situation. Read More »

Despite Coronavirus, U.S. Home Price Growth Accelerated in June

Despite Coronavirus, U.S. Home Price Growth Accelerated in June

Based on CoreLogic's latest Home Price Index for June, U.S. home prices increased by 4.9% in June 2020, compared with June 2019. Month over month, home prices increased 1%, compared with May of this year, the fastest monthly gain for the month of June since 2013. Read More »

Mortgage Loans in Forbearance Decreases to 7.67 Percent in U.S.

Mortgage Loans in Forbearance Decreases to 7.67 Percent in U.S.

The total number of loans now in forbearance decreased by 7 basis points from 7.74% of servicers' portfolio volume in the prior week to 7.67% as of July 26, 2020. Read More »


Click here to search for Property Listings in North America Residential News.

Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated August 5, 2020 9:00 AM ET

North America Residential News Property News

Redfin is reporting this week that condo sale prices in the U.S. dropped 1.4% year over year to a median of $252,000 in June 2020.

Record low 165,530 U.S. foreclosure filing recorded in first half of 2020, as 13 million evictions loom later this year. Down 44 percent from the same time period a year ago.

Pending home sales continued to ascend in June, 2020 sustaining two consecutive months of increases in contract activity. Each of the four major regions experienced growth in month-over-month pending home sales.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 24, 2020, U.S. mortgage applications decreased 0.8 percent from one week earlier.

The total number of loans now in forbearance decreased by 6 basis points from 7.80% of servicers' portfolio volume in the prior week to 7.74% as of July 19, 2020.

According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. rose to their highest level since the Great Recession.

Florida Realtors are reporting that the sunshine state's housing market showed positive signs of recovery despite the continuing coronavirus pandemic in June 2020.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged 3.01 percent in mid-July 2020. The most recent consumer spending data has been pointing to slow growth since mid-June.

Miami-Dade County median home prices increased year-over-year in June 2020 as home sales continued trending upward despite the global COVID-19 situation.

According to the National Association of Realtors, existing-home sales rebounded at a record pace in June 2020, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic.

The total number of U.S. loans now in forbearance decreased by 38 basis points from 8.18% of servicers' portfolio volume in the prior week to 7.80% as of July 12, 2020.

In early 2020, in the months leading up to the coronavirus (COVID-19) pandemic and resulting economic crisis, rent price growth had stabilized at an annual average of 3%. However, growth dramatically slowed in May.

According to a new report by the U.S. Housing and Urban Development and Commerce Department, led by solid single-family production, total housing starts increased 17.3 percent in June 2020 to a seasonally adjusted annual rate of 1.19 million units.

The National Association of Home Builders recently released its Remodeling Market Index in the second quarter of 2020, posting a reading of 73.

According to Freddie Mac's latest Primary Mortgage Market Survey for Mid-July 2020, the 30-year fixed-rate mortgage in the U.S. averaged 2.98 percent, the lowest rate in the survey's history dating back to 1971.

The number of homes for sale continues to be an issue, as June inventory experienced a decline of 19% when compared to June of 2019.

Palm Beach County Florida median home prices increased year-over-year in May 2020.

Mortgage applications for new home purchases in the U.S. increased 54.1 percent compared from a year ago. Compared to May 2020, applications increased by 20 percent.


Page
×
WORLD PROPERTY JOURNAL
 
Free Weekly Newsletter
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO