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Q2: Home Prices Up in 96% of Metro Areas Single-family home prices continued to rise in the second quarter of 2020, with 96% of markets showing home price appreciation. By: Michael Hyman Powered by WPeMatico
Instant Reaction: Mortgage Rates Mortgage rates bounced up lightly this week to average 2.96% from 2.88% the prior week, but this should have virtually no impact on home buying. By: Nadia Evangelou Powered by WPeMatico
Housing Affordability Slips in June 2020 Affordability worsened in June compared to May as the median family income slightly declined by 1% while the median home prices rose by 4%. By: Michael Hyman Powered by WPeMatico
6 Home Trends Buyers Love Learn some of the key areas of design to highlight when marketing your listings. Design Trends Powered by WPeMatico
Instant Reaction: Jobs, August 7, 2020 Jobs are coming back, with 1.8 million net new additions in July, a total of 9.3 million over the past three months as the economy has reopened. By: Lawrence Yun Powered by WPeMatico
Lowest Level of Layoffs Since the Pandemic Started Layoffs fell to 1.2 million last week, the lowest level since the pandemic started, and a decrease of 249,000 from the previous week's revised... By: Nadia Evangelou Powered by WPeMatico
Foreign Purchases Declined April 2019 – March 2020 Foreign buyers pulled back for the second year, purchasing 5% less in U.S. existing homes compared to the previous 12-month period. By: Scholastica (Gay) Cororaton Powered by WPeMatico
Instant Reaction: Interest Rates Interest rates dipped 11 basis points to 2.88% on a 30-year fixed-rate mortgage, continuing to hover at record-low levels. By: Nadia Evangelou Powered by WPeMatico
Economist Outlook: Land Market Outlook in 2020 Q3 REALTORS® expect to have more sales transactions in residential and industrial land sales in the third quarter. By: Scholastica (Gay) Cororaton Powered by WPeMatico
Home Sells in a Mere 12 Hours After Remote Staging Home stager Francesca Mahoney was able to transform a space without ever stepping foot inside. By: Melissa Dittmann Tracey Working With Sellers, Staging, Using Digital Video as a Marketing Tool Powered by WPeMatico