COVID-19 Is Pushing Home Buyers to Move Sooner
Sometimes you need a little push to get things going, especially when it’s a big something like purchasing a home. Well, it turns out a… Read More »COVID-19 Is Pushing Home Buyers to Move Sooner
Housing Market
Commentary on the latest housing market news, with a focus on home prices, buying and selling conditions, and if another housing crash is right around the corner.
Hint: It probably isn’t for a while, at least with regard to home prices. Though you could argue there’s a major affordability crisis at the moment.
In short, a lack of for-sale supply continues to plague the housing market.
This absence of inventory has resulted in record high home prices, despite a surge in mortgage rates from the 2-3% range to 7% and higher.
And it’s probably hurting first-time home buyers the most, whether it’s an affordability issue or the inability to find a property.
At the same time, home sellers remain in a good spot due to this lack of supply and still relatively strong demand.
The problem for them might be finding a suitable replacement property.
Now Home Prices Are Expected to Fall By 2021 Thanks to COVID-19
While the housing market has been coming up roses lately, even in the face of COVID-19, it might turn out to be a short-lived affair… Read More »Now Home Prices Are Expected to Fall By 2021 Thanks to COVID-19
COVID-19 May Have Just Been a Speed Bump for Surging Housing Market
We’re starting to get a better picture of how COVID-19 affected the housing market, with the National Association of Realtors’ existing-home sales report showing a… Read More »COVID-19 May Have Just Been a Speed Bump for Surging Housing Market
Home Equity Could Prevent Flood of Forbearance-Related Foreclosures
The latest Mortgage Monitor report from Black Knight reveals that many homeowners in forbearance plans are sitting on a healthy amount of home equity, meaning… Read More »Home Equity Could Prevent Flood of Forbearance-Related Foreclosures
46% of Homeowners in Forbearance Plans Still Made Their Mortgage Payments
Another interesting trend has emerged from the latest mortgage forbearance data, this time courtesy of a new report from data analytics company Black Knight. Nearly… Read More »46% of Homeowners in Forbearance Plans Still Made Their Mortgage Payments
Home Buyer Demand Bounces Back, Small Towns Become Hot
Well that didn’t take long – demand to buy a home is now back above its so-called “pre-coronavirus levels,” per a new analysis from real… Read More »Home Buyer Demand Bounces Back, Small Towns Become Hot
Home Prices vs. COVID-19: Will They Go Up or Down?
It’s time to take a look at how COVID-19 could impact home prices given the massive disruption to the local, state, national, and global economy.… Read More »Home Prices vs. COVID-19: Will They Go Up or Down?
12 Reasons Today’s Housing Market Is Not the Great Recession All Over Again
While it’s becoming easier to compare the housing bust that sparked the Great Recession with today’s uncertain climate, the two just aren’t the same. You’re… Read More »12 Reasons Today’s Housing Market Is Not the Great Recession All Over Again
Introducing the Livestream Open House
Necessity is the mother of innovation, and with that comes the so-called “Livestream Open House,” which has just been launched by Realtor.com in the face… Read More »Introducing the Livestream Open House
Which Housing Markets Are Most at Risk From COVID-19?
While it’s hard to compare the current possible housing crisis to the very real one experienced about a decade ago, there are fears of negative… Read More »Which Housing Markets Are Most at Risk From COVID-19?