Florida Realtors are reporting that the sunshine state's housing market continued to be a bright spot for the state's economy in October 2020, even as the coronavirus pandemic showed no signs of easing.
Based on the Mortgage Bankers Association's latest Builder Application Survey data for October 2020, U.S. mortgage applications for new home purchases increased 32.9 percent compared from a year ago.
According to the National Association of Realtors, U.S. existing-home sales continued to trend upward in October 2020, marking five consecutive months of month-over-month gains. All four major U.S. regions reported both month-over-month and year-over-year growth
While sluggish commercial real estate investment activity has caused loan closings to slow in Q3 2020, a rise in loan applications in recent weeks is a promising sign for higher year-end closings.
Based on a new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 4.9 percent in October 2020 to a seasonally adjusted annual rate of 1.53 million units.
North America's data center sector was resilient in the first half of 2020 as many businesses implemented hybrid IT infrastructure to improve their remote work capabilities.
Palm Beach County total home sales surge in 3Q 2020. Palm Beach County total home sales rose 15.2% year-over-year, from 8,046 to 9,271.
Year-over-year investment and residential sales volume declined 34% and tax revenue generated by those sales declined 57%.
Zillow is reporting this week that persistent U.S. home buyer demand, despite the Coronavirus outbreak, is pushing a strong housing market deeper into the year than usual.
26% of Americans said their local government's response to the coronavirus pandemic has made them want to move away from where they currently live.
According to CBRE's recently released U.S. Seniors Housing & Care Investor Survey, while the U.S. senior housing sector will continue to be impacted over the near term as a result of the COVID-19 pandemic.
A surge of domestic and foreign buyers are purchasing primary homes in Miami's diverse neighborhoods. Consistently low mortgage rates, expanded work-from-home and remote schooling fueled already strong demand for Miami real estate.
According to NAR's latest quarterly housing report, every U.S. metro area tracked by the National Association of Realtors during the third quarter of 2020 saw home prices increase from a year ago.
The public's growing appetite for streaming video content has ignited demand for sound-stage real estate in several North American markets.
The median U.S. home prices increased from the third quarter of 2019 to the third quarter of 2020 in 74 percent of the zones and rose by more than 10 percent.
There were a total of 11,673 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- in October 2020.
The total number of loans now in forbearance decreased by 16 basis points from 5.83% of servicers' portfolio volume in the prior week to 5.67%.
Intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019.
