Builder confidence for newly built single-family homes fell to 30 points in April, down more than half from 72 points in March. Source: Inman News
Posts published in “Markets & Economy”
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began…
The real estate industry has so far secured 3.22% of the money being doled out as part of the pandemic-prompted Paycheck Protection Program. Source: Inman…
Patrick Stone, of WFG National Title Insurance Company, said Tuesday that home sales will likely be down in 2020, but overall, he’s optimistic about an…
There were only 52 new listings in Manhattan during the second week of April. Source: Inman News
Texas real estate saw a significant slowdown in market traffic once the COVID-19 pandemic arrived, but since then, indications of a hopeful market have emerged. …
Agents in Wisconsin are seeing a slow down during the pandemic. But they also said that inventory is so low that competition for homes remains…
‘We expect delinquency rates to jump significantly throughout the year as the economic toll from COVID-19 becomes more evident,’ CoreLogic President Frank Martell said. Source:…
Looking for a little clarity on this week’s news? Windermere Chief Economist Matthew Gardner talks through the 30-year mortgage and how rates will move the…
Check out our always-on resource for sharing ideas, resources and information in real time. Source: Inman News