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Real Estate News

U.S. Condo Prices Dip in June, Sales Down 31 Percent Annually from Coronavirus

U.S. Condo Prices Dip in June, Sales Down 31 Percent Annually from Coronavirus

Redfin is reporting this week that condo sale prices in the U.S. dropped 1.4% year over year to a median of $252,000 in June 2020. Read More »


The Calm Before the Coming Coronavirus Foreclosure Storm in U.S.

The Calm Before the Coming Coronavirus Foreclosure Storm in U.S.

Record low 165,530 U.S. foreclosure filing recorded in first half of 2020, as 13 million evictions loom later this year. Down 44 percent from the same time period a year ago. Read More »

U.S. Home Sales Explode in June, Up a Record Setting 21 Percent

U.S. Home Sales Explode in June, Up a Record Setting 21 Percent

According to the National Association of Realtors, existing-home sales rebounded at a record pace in June 2020, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic. Read More »

Share of U.S. Mortgages in Forbearance Dips to 7.8 Percent in Mid-July

Share of U.S. Mortgages in Forbearance Dips to 7.8 Percent in Mid-July

The total number of U.S. loans now in forbearance decreased by 38 basis points from 8.18% of servicers' portfolio volume in the prior week to 7.80% as of July 12, 2020. Read More »


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Global Property Spotlight

Grand Tetons Wonderland - (Driggs, Idaho)

Grand Tetons Wonderland - (Driggs, Idaho)

Huntsman Springs is golf and club community developed by Jon Huntsman, Sr. A place of serenity and beauty in the hitherto undeveloped Teton Valley of Western Idaho. Read More »

Last Updated August 3, 2020 8:14 AM ET

Chicago Property News

According to Freddie Mac's latest Primary Mortgage Market Survey for Mid-July 2020, the 30-year fixed-rate mortgage in the U.S. averaged 2.98 percent, the lowest rate in the survey's history dating back to 1971.

Mortgage applications for new home purchases in the U.S. increased 54.1 percent compared from a year ago. Compared to May 2020, applications increased by 20 percent.

This represents a 2.5-percentage point increase in the overall delinquency rate compared to March 2020, when it was 3.6 percent.

A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent in the U.S., the lowest rate in the survey's history dating back to 1971.

15.9% of Black Americans who apply for mortgages are rejected nationwide, compared with just 7% of white Americans.

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020.

According to the National Association of Realtors, U.S. pending home sales mounted a record comeback in May 2020, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic.

Redfin is reporting that a record 27% of home searchers looked to move to another U.S. metro area in April and May 2020.

According to Redfin, the impact of coronavirus shutdowns on homebuyer demand has been short and muted.

Single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May 2020 from a downwardly revised reading in April.

The total number of U.S. mortgage loans now in forbearance decreased - for the first time since the survey's inception in March 2020.

According to the National Association of Realtors, existing-home in the U.S. sales fell in May 2020, marking a three-month decline in sales as a result of the coronavirus outbreak.

Based on Zillow's latest May 2020 Real Estate Market Report, U.S. home values may decline in the second half of the year.

Commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of the first quarter of 2020.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 12, 2020, U.S. mortgage applications increased 8.0 percent from one week earlier.

In a sign that U.S. housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June 2020. Any reading above 50 indicates a positive market.

According to ATTOM Data Solutions first-quarter 2020 U.S. Home Flipping Report, 53,705 single-family homes and condominiums in the United States were flipped in the first quarter.


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