Industry Briefs Oct. 27, 2020

Stewart Appraisals Management Inc., Houston, announced its acquisition of Pro-Teck Services Ltd., DBA Pro Teck Valuation Intelligence.

Housing Market Roundup

It’s been a busy week here, with the Mortgage Bankers Association’s Annual Convention & Expo wrapping up. Here is a summary of some key housing market reports that took place over the past week. A major theme: tremendous housing market resiliency amid continued economic turmoil.

Bidding Wars Intensify for Entry Level Homes

Redfin, Seattle, said bidding wars eased up slightly in September, but more than half of properties saw competitive bids. A separate report from Zillow, Seattle, showed the most intense competition was for entry level homes.

Latinx Americans Driving U.S. Homeownership Gains, But Roadblocks Persist

“Remarkable growth” this past half-decade has boosted the share of Latinx households in the U.S. that own their home to its highest since the Great Recession, said Zillow, Seattle. However, despite these encouraging signs, roadblocks remain on the path to equitable housing.

Housing Market Roundup, Oct. 6, 2020

Here are summaries of the latest housing finance reports, from Black Knight; Redfin; Zillow; and Morning Consult.

Monday Report: Red-Hot Housing Markets and a Time-Capsule Survey

This morning’s Monday Report features stories that confirm the housing markets remain hot, regardless of location or political preference; what that might mean for down payments; and a housing survey that, thanks to the coronavirus pandemic, was obsolete the moment it was released.