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Market Data + Trends

Forget the Turkey, Buyers Were Hungry for Homes Last Week

Homebuyers appeared to be less impressed with their turkey and pumpkin pie last week as mortgage demand spiked 9% compared to the previous week.…

Affordability

Pandemic Likely to Further Strain Cost-Burdened Homeowners

The number of homeowners that were cost-burdened dropped 9% overall during the past nine years, but low-income households only experienced half of…

Financials

Homeownership Wealth Gains for Second Quarter of 2020

Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. In the bottom 20% income…

Demographics

Banks Step in to Shrink Black Homeownership Gap

More banks are rolling out initiatives in order to bolster historically low homeownership rates for minorities. In Washington, DC, one firefighter…

Market Data + Trends

September Ends 4-Month Spree of Increased Pending Home Sales

A drop in pending home sales for September may be a signal that rising home prices are too much for buyers. CNBC says the number of signed…

Business Management

4 Ways to Reduce Construction Costs

2020 has been a roller-coaster ride. To combat rising construction prices, it's time for builders to look for new ways to cut expenses

Coronavirus Resources and Information

Will Expiring Eviction Moratoriums Spur a Housing Crisis?

While federal and local eviction moratoriums are protecting many from eviction, there remains a large number of renters who have been unable to…

Economics

Mortgage Rates Hit New Bottom for 10th Time

For the 10th time this year, mortgage rates dropped to record lows. When will it stop? That’s up to the economy’s recovery, says Realtor.com. The…

Financials

Redfin: Home Prices See Largest Year-Over-Year Increase Ever

Home prices experienced the largest growth since September 2005 during the four-week period ending October 4. The median home sale price hit $320,…

July Home Prices Advanced by 4.8% Says Case-Shiller

Nationally, home prices advanced by 4.8% annually this past July. Just a month before in June, prices rose by 4.3%, according to CNBC. These…

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