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Real Estate News

U.S. Architectural Billings Moderate in September

U.S. Architectural Billings Moderate in September

According to a new report from the American Institute of Architects, a slight improvement in business conditions has led to fewer architecture firms reporting declining billings. Read More »


California Population Exit May Contribute 51,000 New Democratic Votes for Arizona Swing State

California Population Exit May Contribute 51,000 New Democratic Votes for Arizona Swing State

While wealthy retirees moving to Florida and North Carolina contributing to increased Republicans in those swing states Read More »

Mortgage Applications Decrease in U.S. in Mid October

Mortgage Applications Decrease in U.S. in Mid October

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 16, 2020, U.S. Mortgage applications decreased 0.6 percent from one week earlier. Read More »

Single-Family Rents Uptick in August, Despite COVID Outbreak

Single-Family Rents Uptick in August, Despite COVID Outbreak

According to CoreLogic's latest Single-Family Rent Index for August, national rent increased 2.1% year over year, down from a 2.9% year-over-year increase in August 2019. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated October 26, 2020 9:00 AM ET

Irvine Property News

Home prices nationwide increased 5.9% in August 2020, compared with August 2019, and the gain was up nearly 1% compared to the prior month, when home prices increased 5.1% year over year.

The median home prices of single-family homes and condos in the third quarter of 2020 are less affordable than historical averages in 63 percent of counties with enough data to analyze, up from 54 percent a year ago.

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.

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.

California's housing market continued to recover as home sales climbed to their highest level in more than two and a half years in July 2020, while setting another record-high median home price.

A widespread group of mostly-impoverished, densely-packed urban neighborhoods across the U.S. offer some of the most attractive opportunities in the nation for housing developers to take advantage of federal reinvestment tax benefits.

The National Association of Realtors is reporting that U.S. pending home sales in July 2020 achieved another month of positive contract activity, marking three consecutive months of growth.

ATTOM Data Solutions third-quarter 2020 Vacant Property and Zombie Foreclosure Report is showing that 1.5 million (1,570,265) residential properties in the United States are vacant, representing 1.6 percent of all homes.

According to a new report from Redfin, the median sale price for luxury homes in the U.S. rose 1.2% year over year to $825,000 during the three months ending July 31, 2020.

Residential rents in the U.S. increased 1.4% year over year in June, down from a 2.9% year-over-year increase in June 2019.

Based on CoreLogic's latest Home Price Index for June, U.S. home prices increased by 4.9% in June 2020, compared with June 2019. Month over month, home prices increased 1%, compared with May of this year, the fastest monthly gain for the month of June since 2013.

Record low 165,530 U.S. foreclosure filing recorded in first half of 2020, as 13 million evictions loom later this year. Down 44 percent from the same time period a year ago.

The total number of U.S. loans now in forbearance decreased by 38 basis points from 8.18% of servicers' portfolio volume in the prior week to 7.80% as of July 12, 2020.

In early 2020, in the months leading up to the coronavirus (COVID-19) pandemic and resulting economic crisis, rent price growth had stabilized at an annual average of 3%. However, growth dramatically slowed in May.

This represents a 2.5-percentage point increase in the overall delinquency rate compared to March 2020, when it was 3.6 percent.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent in the U.S., the lowest rate in the survey's history dating back to 1971.

Zillow is reporting this week that a rush of high-end homes hit the U.S. market in June 2020, reversing a trend that saw them drop the farthest and fastest when the coronavirus pandemic hit earlier this year.

According to ATTOM Data Solutions first-quarter 2020 U.S. Home Flipping Report, 53,705 single-family homes and condominiums in the United States were flipped in the first quarter.


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