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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

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 May 27, 2020 9:00 AM ET

Detroit 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.

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.

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.

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.

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.

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.

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.

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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