While selling prices are remaining constant, the process of selling is taking longer as COVID-19 cautions persist.
Low rates are giving potential buyers “a good reason to continue shopping even amid the pandemic,” says Freddie Mac’s chief economist.
Homebuilders say new homes for the rental market could help respond to housing affordability and down payment challenges.
More house hunters are reportedly looking for homes with a pool and outdoor areas during the coronavirus pandemic.
Find out where tight inventories are still prompting stiff competition among buyers.
After five consecutive weeks of increases, purchase applications are now just 1.5% lower than a year ago.
After spending more time in their homes, consumers want to change it up. Here are the projects they’re prioritizing.
Record low mortgage rates will likely be a key factor in driving housing demand as state economies gradually reopen. Read more from NAR’s latest housing report.
The number of homes for sale has drastically declined. But home shoppers in these metros may have more luck.
“Despite today’s numbers, there is an undercurrent of long-term positivity in the housing market that will likely allow for a strong rebound,” says the builder’s trade group.
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