San Diego
Real Estate News

Pending Home Sales Spike 16 Percent in June

Pending Home Sales Spike 16 Percent in June

Pending home sales continued to ascend in June, 2020 sustaining two consecutive months of increases in contract activity. Each of the four major regions experienced growth in month-over-month pending home sales. Read More »


U.S. Home Sales Explode in June, Up a Record Setting 21 Percent

U.S. Home Sales Explode in June, Up a Record Setting 21 Percent

According to the National Association of Realtors, existing-home sales rebounded at a record pace in June 2020, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic. Read More »

U.S. Mortgage Rates Fall Below 3 Percent, Breaking 50-Year Record

U.S. Mortgage Rates Fall Below 3 Percent, Breaking 50-Year Record

According to Freddie Mac's latest Primary Mortgage Market Survey for Mid-July 2020, the 30-year fixed-rate mortgage in the U.S. averaged 2.98 percent, the lowest rate in the survey's history dating back to 1971. Read More »

Mortgage Applications Uptick in Early July

Mortgage Applications Uptick in Early July

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 3, 2020, U.S. mortgage applications increased 2.2 percent from one week earlier. 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 July 30, 2020 8:00 AM ET

San Diego Property News

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 26, U.S. mortgage applications decreased 1.8 percent from one week earlier.

According to the National Association of Realtors, U.S. pending home sales mounted a record comeback in May 2020, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic.

According to Redfin, the impact of coronavirus shutdowns on homebuyer demand has been short and muted.

The total number of U.S. mortgage loans now in forbearance decreased - for the first time since the survey's inception in March 2020.

According to the National Association of Realtors, existing-home in the U.S. sales fell in May 2020, marking a three-month decline in sales as a result of the coronavirus outbreak.

Commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of the first quarter of 2020.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 12, 2020, U.S. mortgage applications increased 8.0 percent from one week earlier.

In a sign that U.S. housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June 2020. Any reading above 50 indicates a positive market.

U.S. homeowners with mortgages have seen their equity increase by 6.5% year over year, representing a gain of $590 billion since Q1 2019.

The sudden and unexpected shift to remote work for millions of Americans has put a new premium on a quiet and comfortable place to work from home.

Record-low mortgage rates have improved housing affordability, bringing more buyers into the market.

COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation--residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas.

More than $1.8 trillion in combined reconstruction cost value are at risk of storm surge and possible mandatory evacuation.

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.

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.

After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation's hotels will benefit from what is expected to be a relatively rapid economic turnaround in 2021 and 2022.

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.


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