National News

Home equity is keeping delinquencies at bay . . . for now

Home price and equity growth in the months leading up to the pandemic have helped to delay the impact of the recession on the mortgage market, although the effects are expected to continue to unfold over the next year.

Payroll up 2.5 million; job market turnaround begins

The latest jobs report shows an unexpected upswing in May, and industry experts predict housing will lead the way to economic recovery.

Purchase applications up 18% year over year

A new report from the Mortgage Bankers Association points to pent-up demand.

Home prices are up, but that might not last

CoreLogic reports home price acceleration continued in April, but — in a shift away from other industry predictions — expects the first decline in values to begin in 2021

Protests prompt response from real estate execs

Real estate leaders call for action on race and equity in response to nationwide protests.

Pandemic stressors cause buyers and sellers to value Realtors even more than before

A new survey finds that, while buyers and sellers are feeling better about conducting business in person, they’re also comfortable doing it virtually, provided they have the help of a real estate professional.

Pending home sales took a deep dive in April, but NAR upgrades its forecast

NAR’s chief economist says April’s decline could be the lowest point in the market, and that he expects it to bounce back soon.

Mortgage applications are up, consumer confidence stabilizes

Encouraging new data shows that buyers are coming back and consumers are feeling more confident, though concerns about job stability and possible inflation remain.

Despite pandemic, new homes are selling

Data shows sales of new construction single-family homes rose slightly in April while price growth continues, albeit slowly.

Hispanic homeownership reached historic highs before COVID-19. What now?

Amongst the current pandemic, the real estate market has been at an all-time low, but how are individual communities affected?

Redfin: Housing shortage prompts bidding wars

Good news for sellers: Homes on the market under $1 million are receiving multiple offers in desirable cities.

Existing-home sales drop 17.8% in April, but first-timers are coming back

Coronavirus lockdowns disrupted sales in April, but the data shows an increase in new homebuyers.

Purchase applications in Georgia beat out last year’s numbers

Economists with the Mortgage Bankers Association predict mortgage rates will remain low for the next couple of years, though there is at least one scenario under which they could rise more quickly.

Builder confidence up after April drop; signs of rebound emerge

Builders are feeling more confident this month, a sign that the new-home market may have already hit bottom.

Redfin: Over half of big-city dwellers working from home want out

More than half of those working remotely said they would leave the city if they didn’t have to go into an office.

Buyer demand remains strong despite pandemic, says new report

RE/MAX’s recently released National Housing Report points to resiliency of market amidst coronavirus and economic concerns.

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