According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in August 2020 topped the 1 million mark and reached their highest pace since September 2006.
The Real Estate Center at Texas A&M University reported this week that Texas' housing market slowed in August 2020 after a surge of pent-up demand inflated sales numbers the previous month.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending September 18, 2020, U.S. mortgage applications increased 6.8 percent from one week earlier.
Pent-up demand, historically low mortgage rates and the robust fundamentals of the South Florida housing market is leading to increased buying activity.
According to new data by the National Association of Realtors, existing U.S. home sales continued to climb in August 2020, marking three consecutive months of positive sales gains.
CoreLogic's latest Home Equity Report for the second quarter of 2020 shows U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 6.6% year over year.
California Realtors are reporting this week that California's housing market continued to improve in August 2020 as home sales climbed to their highest level in more than a decade and the median home price broke last month's record, hitting another high.
Fastest home sales are in swing counties, a reflection of rising interest in the suburbs as the pandemic drives homebuyers to prioritize space
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending September 11, 2020, U.S. mortgage applications decreased 2.5 percent from one week earlier. This week's results include an adjustment for the Labor Day holiday.
In a strong signal that housing is leading the economic recovery, builder confidence in the market for newly-built single-family homes increased five points to hit an all-time high of 83 in September 2020.
According to a new report by Redfin, U.S. median home sale prices increased 13% from August 2019 to $319,178--the highest on record. This 13% year-over-year increase was the largest since October 2013.
The Orlando Regional Realtor Association is reporting this week that Orlando's median price also continued on its upward path, while inventory again fell to a new low in August 2020.
CoreLogic's latest Single-Family Rent Index (SFRI) for July 2020 shows a national residential rent increase of 1.7% year over year, down from a 2.9% year-over-year increase in July 2019.
The total number of loans now in forbearance decreased by 4 basis points from 7.20% of servicers' portfolio volume in the prior week to 7.16% as of August 30, 2020.
Both New York City's total residential sales volume and total residential transactions decreased significantly, reaching their lowest points since REBNY started reporting in Q1 2006.
The Mortgage Bankers Association is reporting this week that U. S. mortgage credit availability decreased in August 2020. Mortgage credit supply fell to its lowest level since March 2014, driven by a reduction in supply from both conventional and government segments of the market.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending September 4, 2020, U.S. mortgage applications increased 2.9 percent from one week earlier.