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.
Residential construction industry as an "Essential Infrastructure Business"
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.
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.
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.