A record 8.2% of U.S. homes were valued at $1 million or more in February, according to a new report from Redfin—up 4.8% from 2020 before the coronavirus was declared...
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When the Shelves Run Bare
...and whether any relief is on the horizon. Not a New Problem It was March 11, 2020, when the World Health Organization (WHO) declared the novel coronavirus (COVID-19) outbreak a...
Read More »Q4 Lending Drops at Fastest Pace in Three Years
...a tight supply of homes for sale throughout the Coronavirus pandemic has helped drive prices up but purchases down.” “The receding volume of business for the residential mortgage industry is...
Read More »January Markets Most Competitive on Record
...the first time rates surpassed 3.5% since March 2020, when the coronavirus pandemic was just beginning. Rates have since jumped even higher, reaching 3.92% during the week ending Feb. 17,...
Read More »Pace of Gains in Opportunity Zones Surpass Nationwide Increase
...that improved from 53% in Q3 of 2021, and 61% last year. Markets inside some of the nation's poorest communities improved despite the ongoing threat from the Coronavirus pandemic, which...
Read More »Record-Low Mortgage Rates Steer Housing Demand
...stabilize demand and reduce the risk of a bubble that could burst.” The housing market has been extremely competitive as the coronavirus pandemic turned American society upside down in 2020,...
Read More »Coronavirus Housing Report Spotlights Locales Vulnerable to Economic Impact
ATTOM released its Q4 2021 Special Coronavirus Report, spotlighting county-level housing markets around the United States that have been deemed more—or less—vulnerable to damage from the ongoing coronavirus pandemic that’s...
Read More »Built-to-Rent Homes Projected to Hit Record High in 2022
...communities are prevalent in low-density areas, with the 61% located in suburbs. “Undoubtedly, coronavirus has also impacted upon this increased popularity,” said Christopher Michael, Architect and Founder of Archisoup. “Many...
Read More »Miami Tops U.S. Cities for Homebuyer Destinations
...record-high 31.5% in the first quarter of 2021 but well above pre-pandemic levels. Homebuyer interest in relocating to a different part of the country was accelerated by the coronavirus pandemic,...
Read More »Median Home Sale Prices Rise to Record High
...up right now.” Fairweather said new restrictions related to the omicron variant of the coronavirus could potentially fuel “some uncertainty and volatility in the economy.” In such an extremely tight...
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