...the exception of March 2020—the month the World Health Organization declared the coronavirus a pandemic. Fewer than half (46%) of offers written by Redfin agents faced competition in September, the...
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Examining the Nation’s Most Vulnerable Housing Markets
...from homeowners who fell behind on their mortgages during the early part of the Coronavirus pandemic that hit in 2020. These numbers are expected to continue increasing over the coming...
Read More »The Black-White Affordability Gap for Renters Widened in 2020
...with the significant racial and financial divide between buyers during the Coronavirus pandemic. From 2019 to 2020, the share of renter households with cost burdens rose nearly 3 percentage points....
Read More »Budgets Remain Constrained for Buyers
...onset of the coronavirus pandemic. June’s bidding-war rate compares with a revised rate of 65% one year earlier and 57.3% one month earlier —marking the fifth-straight monthly decline. Housing-market competition...
Read More »Number of Cost-Burdened Households Increased During Pandemic
...2020 were hampered by Coronavirus restrictions and low participation, the Bureau has released experimental weights for those two surveys by incorporating administrative and third-party data (for the first time in...
Read More »FHA Strengthens Eligibility for Borrowers Impacted by the Pandemic
...emergency concerning the coronavirus. The pandemic continued to cause significant risk to the public health and safety of the nation, and the national emergency declared on March 13, 2020, and...
Read More »HUD Awards Additional Funding to Fight Housing Discrimination
...organizations to address fair housing inquiries, complaints, investigations, education and outreach activities, and the costs of delivering or adapting services, during or relating to the coronavirus pandemic. Through this funding...
Read More »Housing Affordability and Availability Remain Top of Mind
...households because of Coronavirus closures at their call centers. The 1,000 person sample size was selected and weighted to represent the economic and racial makeup of the general population as...
Read More »Price Gains Outpace Wage Growth
...2005. The worsening affordability scenario for potential home buyers came as the U.S. housing market kept booming into its 11th year, both because of and in spite of the Coronavirus...
Read More »Mortgage Rates Return to Pre-Pandemic Levels
This month marks the two-year anniversary of the coronavirus pandemic, which the World Health Organization officially declared on March 11, 2020. According to a new report from Redfin, the housing...
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