April Existing Home Sales: It Was Always Going to be Bad
April existing home sales fell 17.8% from March to 4.33 million, according to the National Association of Realtors, the largest monthly decline since 2010.
Market Trends
Coronavirus Drives Biggest Rent Slowdown In At Least Five Years (April 2020 Market Report)
The coronavirus helped slow annual rent growth by half a percentage point in April from March, the largest monthly drop in at least five years.
April Housing Starts: Now What?
April housing starts fell 30.2% from March to 891,000 (SAAR), by far the largest monthly decline on record, according to the U.S. Census Bureau.
Mortgage Rates Fall on Powell’s Gloomy Remarks
After falling this week, mortgage rates are at their lowest levels in the last two weeks and remain near all-time lows.
More Remote Work Opportunities May Make Suburbs More Desirable
75% of Americans working from home because of the coronavirus say they'd continue if possible, and 2/3 would consider moving if given that flexibility.
In Coronavirus’ Wake, Listings of Expensive Homes Fell Farther & Faster than More-Affordable Homes
New listings are down overall. But new listings of the most expensive homes are down 46%, while the least expensive home listings are down only 32%.
Mortgage Rates Remain Near All-Time Lows, but Only for Select Borrowers
Mortgage rates remain near all-time lows, but the lowest rates are only available for well-qualified individuals seeking the most basic loans.
Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year
Transactions will fall up to 60% in the wake of the coronavirus outbreak, rebounding by the end of 2021, according to the most likely scenarios.
Mortgage Rates Fall to New Lows, But Rates Differ Widely For Some Borrowers
Headline mortgage rates fell to new lows this week, but conditions across the market remain much more varied than usual for certain borrowers.
March New Home Sales: Worse than Expected
With sales waning and confidence plummeting, the once-hot market for new homes has been put into a deep freeze this spring.
