Redfin, Seattle, said home sales surpassed pre-pandemic levels for the first time the week ending July 5, up 2% on a seasonally adjusted basis compared to January and February levels.
Tag: Zillow
Housing Finance Roundup: Purchase Market Strength; Millennial Buying Power; COVID-19 Effect on Homeownership Plans; Bidding Wars Intensify; Home Price Growth Persists
Here is the latest Housing Finance Roundup, with summaries of reports from Ellie Mae; First American Financial Corp.; Bankrate.com; Zillow; and Redfin.
Housing Finance Roundup: July 13, 2020
MBA NewsLink summarizes more than half a dozen new reports from Redfin; Zillow; First American Financial Corp.; Fitch Ratings; ATTOM Data Solutions; and Black Knight.
Housing Finance Market Roundup
Here’s a summary of recent reports about the housing market and real estate finance, with reports from Zillow; Veros Real Estate Solutions; Fannie Mae; Redfin; Genworth Mortgage Insurance; and Computershare Loan Services.
Zillow: Homes Will Look Different After Coronavirus
As people spend more time at home during the pandemic, buyers are realizing which features work well under the circumstances and which do not, said Zillow, Seattle.
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.
Industry Briefs
Stewart Information Services Corp., Houston, acquired United States Appraisals. Stewart said the acquisition strengthens its digital real estate services offering in appraisal and valuation management and enhances its existing title insurance, settlement services, appraisal/valuation and other real estate services.
Zillow: Newly Unemployed Service Workers Owe $1.7 Billion/Month in Housing Payments
Zillow, Seattle, said its analysis found more than $1.7 billion in rent and mortgage payments is owed each month by U.S. service-sector workers currently receiving unemployment benefits as a result of the coronavirus pandemic — payments that could be in jeopardy if expanded local and federal unemployment assistance fades or workers remain without incomes longer than expected.
Analysts: Missing Spring Home Sales to Disperse over ‘Years’
When the coronavirus pandemic turned the economy upside down, anxiety and uncertainty about the future initially kept many home buyers and sellers at bay. Inventory and sales have picked up over the past month, though, and a panel of housing experts and economists sponsored by Zillow, Seattle, say the U.S. housing market hasn’t lost those missing springtime transactions for good. But it could take years for a full recovery.
Coronavirus Causes Biggest Multifamily Rent Growth Slowdown in Years
Apartment rent prices slowed more in April than in several years when the coronavirus pandemic hit, the April Zillow Real Estate Market Report said.