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
Credit/Debit Card Spending Picking Up The U.S. Census Bureau reported that personal consumption spending in Q2 2020 fell by nearly 35% on a seasonally adjusted annual rate. By: Scholastica (Gay) Cororaton Powered by WPeMatico
June 2020 Pending Home Sales June’s pending home sales pace increased 16.6% last month and rose 6.3% from a year ago. By: Michael Hyman Powered by WPeMatico
New Unemployment Claims Increased to 1.4 M Last Week Layoffs are still happening with 1.4 million new filers for unemployment insurance, a slight increase of 12,000 from the prior week. By: Nadia Evangelou Powered by WPeMatico
Buyers who desire to purchase properties with current and/or future rental tenants (e.g., long term resident tenants, shorter term vacation rental tenants) should investigate the property prior to contract and/or during a due diligence period so the buyer has a way out of the deal if the information is not to the buyer's liking. Buyers… Continue Reading Buyers and Investment Rental Properties and Vacation Rental Properties
Homeownership Rate Is Up During the Pandemic According to the Census Bureau, the homeownership rate increased by nearly 4 percentage points in Q2 2020, to 67.9%. By: Nadia Evangelou Powered by WPeMatico
Comparing Mortgage Payment Status by State NAR has analyzed the ability of mortgage holders to meet their mortgage payments by state, age group, and income. By: Nadia Evangelou Coronavirus Powered by WPeMatico