Welcome to the Friday Housing Report Roundup. Click on the link to see what’s happening.
Tag: Home Prices
Housing Report Roundup: Refi Candidates at Record High; Lenders’ Profit Outlook Improves; Homebuyers Undeterred by High Prices
Here’s a roundup of recent housing finance market reports, from Black Knight, Fannie Mae and Redfin.
RE/MAX: July Home Sales Show Reversal of Pandemic Slowdown
Despite a limited supply of homes for sale across most metros in the U.S., July home sales continued a recent month-over-month incline, said RE/MAX, Denver.
Redfin: ‘Record-Breaking’ Housing Market Continues
Redfin, Seattle, said home prices and year-over-year price gains hit another high as prices continued to rise during a time of year that they usually decline.
Radian: U.S. Home Prices Continue to Rise Amid Housing Imbalances
Radian, Philadelphia, said after a strong finish to the first half of 2020, home prices across the United States continued to rise sharply, albeit at a slower pace in July from June.
Late-Summer Home Activity ‘Unseasonably Hot;’ Luxury Home Prices Bounce Back
Redfin, Seattle, said median home prices for the four-week period ending Aug. 9 jumped by 10 percent from a year ago to a record-high $314,000 as the spring home-buying season extended well into late summer.
Housing Roundup: Low Inventories Drive Up Prices in Hot Sellers’ Market
It’s not just the summer temperatures that are hot: Zillow Inc., Seattle, said despite more new listings added to the market last week than previously, inventories can’t keep up with buyers’ appetite for homes.
RE/MAX: June Home Sales Amid Strong Home Buyer Demand
Despite record low inventories, RE/MAX, Denver said June home sales posted a solid 37 percent gain as more states loosened stay-at-home mandates stemming from the coronavirus pandemic.
May Existing Home Sales Down Nearly 10%–But Analysts See Upside
Existing home sales fell by nearly 10 percent in May from April—the third consecutive monthly decline in the wake of the coronavirus outbreak—the National Association of Realtors reported yesterday. But analysts saw positive signals despite the drop, as first-time buyer and Millennial demand showed signs of intensifying.
Zillow: U.S. Home Value Growth Slows, Prices May Fall in Second Half of 2020
Zillow, Seattle, said the housing market’s resilience in the wake of the coronavirus pandemic and resulting economic downturn could be challenged in the months ahead as continued slowing in home values suggest prices could fall in the second half of 2020.