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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 »

Mortgage Refi's Comprise Over Half of All U.S. Home Loans Made in Q1

Mortgage Refi's Comprise Over Half of All U.S. Home Loans Made in Q1

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. 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

Dallas Property News

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.

U.S. builder confidence in the market for newly-built single-family homes increased seven points to 37 in May 2020. The rise follows the largest single monthly decline in the history of the index in April 2020.

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

45 percent of the zones saw median home prices rise by more than the national increase of 11.3 percent from the first quarter of 2019 to the first quarter of 2020.

Many U.S. restaurants are likely to reopen from widespread shutdowns at 50 percent pre-COVID-19 seating capacity amid efforts to adhere to social distancing practices and give confidence to cautious consumers.

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

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.

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.

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

U.S. builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter of 2020.

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.

Despite economic disruptions caused by COVID-19, industrial construction is continuing in the majority of major U.S. markets.

A national rent increase of 3.3% year over year in February (just before the COVID-19 outbreak in the US ramped up), up slightly from a 3% year-over-year increase in February 2019.

The coronavirus pandemic has wreaked havoc on many of America's "non-essential" industries. That includes tourism, as countless attractions have closed down.


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