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Real Estate News

Las Vegas Enjoys Record Home Prices, Despite Coronavirus Outbreak in March

Las Vegas Enjoys Record Home Prices, Despite Coronavirus Outbreak in March

Las Vegas Realtors are reporting this week that existing home prices in Southern Nevada hit a new peak in March 2020, despite the onset of a local and national state of emergency related to the coronavirus pandemic. Read More »


U.S. Housing Markets Most Vulnerable to Economic Impact by Coronavirus in New Jersey and Florida

U.S. Housing Markets Most Vulnerable to Economic Impact by Coronavirus in New Jersey and Florida

According to ATTOM Data Solutions' Special Report spotlighting county-level housing markets around the United States that are more or less vulnerable to the impact of the Coronavirus pandemic. Read More »

February Home Prices Increased by 4.1 Percent Annual in U.S., Pre-Coronavirus

February Home Prices Increased by 4.1 Percent Annual in U.S., Pre-Coronavirus

Home prices increased nationally by 4.1% from February 2019. On a month-over-month basis, prices increased by 0.6% in February 2020. Read More »

Finance Industry Ask U.S Regulators for New Liquidity Facility for Added Mortgage and Rent Forbearance Capacity

Finance Industry Ask U.S Regulators for New Liquidity Facility for Added Mortgage and Rent Forbearance Capacity

Liquidity to mortgage servicers needing additional capacity to support homeowners and renters impacted by COVID-19. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated April 8, 2020 8:00 AM ET

United States Property News

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.

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

NAIOP is predicting that the coronavirus outbreak will accelerate trends that had been forming in commercial real estate and cause dramatic changes in the industry faster than had been anticipated.

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

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.

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 level of U.S. commercial and multifamily mortgage debt outstanding at the end of 2019 was $248 billion (7.3 percent) higher than at the end of 2018.


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