...declining interest rates are having a notable impact on the housing market and homeownership. The coming year is totally uncertain, amid so many questions connected to the coronavirus pandemic and...
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Reports Highlight Rising Home Prices, Shrinking Homeownership Affordability
...of the brutal economic fallout from the coronavirus pandemic. The future remains wholly uncertain and affordability could swing back into positive territory. But for now, things are going in the...
Read More »Luxury Property Purchases Surpass Records
...2013, when Redfin began recording this data. It almost quadrupled the growth witnessed during the three months ending Feb. 29—prior to coronavirus evolving into a pandemic. On top of that,...
Read More »How Has COVID-19 Changed Homebuyers’ Needs?
The housing market has had a surprisingly successful year in 2020, overcoming many challenges that COVID-19 has caused. However, the coronavirus pandemic has led those who are on the market...
Read More »Housing Market Will Stay ‘Hot’ in the New Year
...into hibernation, homebuyers are doing anything but hibernate,” said Redfin chief economist Daryl Fairweather. “With the coronavirus vaccine set to roll out just as the housing market typically kicks into...
Read More »CARES Act Protections Extended For FHA-Backed Borrowers
...FHA-insured single-family mortgages covered under the Coronavirus Relief and Economic Security (CARES) Act. The FHFA in early December stated its extension would run "at least" through January. FHA's moratorium prohibits...
Read More »Americans Show Growing Interest in Smart Home Technology
...due to the coronavirus pandemic, smart home technology has become an important component of modern living. Smart home technology now serves Americans’ needs on multiple fronts, including safety, security, energy...
Read More »Could Home Sales Reach Pre-Great Recession Levels?
...2020 to over 10% in 2021.” The possibility of COVID-19 recovery could be the driving force that pushes these home sales next year. The power that decreased coronavirus cases could...
Read More »Bigger, Better, Newer: The Top Housing Trends for 2021
...10 home trends for the coming year, each likely to increase in popularity as the months go on. Of course, coronavirus-influenced living is the main driver for many of the...
Read More »A New Age of Housing
...5.7 million homes were sold in the United States. At the end of May, the first wave of coronavirus peaked, and the seven-day average number of confirmed cases was over...
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