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Coronavirus Lockdown Severely Felt by California's Housing Market

Coronavirus Lockdown Severely Felt by California's Housing Market

Based on recent data from the California Association of Realtors, California home sales dropped sharply in April 2020 from both the previous month and year as the housing market began to feel the full impact of the coronavirus outbreak and the state's stay-at-home order. Read More »


Rental Home Price Growth in U.S. Slowed to 5-Year Low From Coronavirus

Rental Home Price Growth in U.S. Slowed to 5-Year Low From Coronavirus

Home rental prices slowed more than they had in at least five years when the coronavirus pandemic hit. But the for-sale market continues to heat up after a slower early April. Read More »

1 in 5 Homes Sold in U.S. During April Were New Construction

1 in 5 Homes Sold in U.S. During April Were New Construction

Property broker Redfin is reporting this week that the number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date. Read More »

Driven by Coronavirus, Memorial Weekend Kicks Off

Driven by Coronavirus, Memorial Weekend Kicks Off "Homecation" Season in U.S.

In a new COVID-19 world we now find ourselves all living in, this Memorial Day weekend has become the unofficial start of 2020's new "homecation" season. Read More »


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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 May 27, 2020 9:00 AM ET

Chicago Property News

1.07 million refinance mortgages secured by residential property (1 to 4 units) were originated in the first quarter of 2020 in the United States. That figure was down 16% from Q4 2019.

According to new data this week from The American Institute of Architects (AIA), demand for design services in April 2020 saw its steepest decline on record.

In a sign of the growing economic toll from the coronavirus pandemic, total housing starts decreased 30.2 percent in April 2020 to a seasonally adjusted annual rate of 891,000 units.

The total number of loans now in forbearance increased from 7.91% of servicers' portfolio volume in the prior week to 8.16% as of May 10, 2020. 4.1 million homeowners are now in forbearance plans.

Mortgage applications for new U.S. home purchases decreased 12 percent compared from a year ago.

NAIOP reports this week that it's NAIOP CRE Sentiment Index has dropped below 50 for the first time since its inception.

Driven by Coronavirus Remote Working Trends. A new Zillow survey suggests housing preferences could be upended in a post-pandemic America, leading to major questions about the future of dense metro cores.

Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020.

U.S. loans now in forbearance increased from 7.54% of servicers' portfolio volume in the prior week to 7.91% as of May 3, 2020, almost 4 million homeowners are now in forbearance plans.

New listings and home sales are seeing early signs of recovery in the U.S. housing market, even as some cities struggle to flatten the coronavirus curve.

The combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.

Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2 to 3 percent in the wake of the coronavirus.

The total number of U.S. mortgage loans now in forbearance increased from 6.99% of servicers' portfolio volume in the prior week to 7.54% as of April 26, 2020.

Property broker Redfin is reporting between mid-March and mid-April 2020, the new supply of homes for sale over $1 million fell 29 points from the year prior.

Based on CoreLogic's latest Home Price Index (HPI) for March 2020, U.S. home prices increased nationally by 4.5% from March 2019.

The Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending April 24, 2020 is reporting a dip in U.S. mortgage applications.

Based on a new U.S. Census Bureau report, national residential vacancy rates in the first quarter 2020 were 6.6 percent for rental housing, and 1.1 percent for homeowner housing.

The total number of U.S. loans now in forbearance increased from 5.95% of servicers' portfolio volume in the prior week to 6.99% as of April 19, 2020.


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