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News

24 September 2020

The Cover is Not the Book ~ 5 Homes with Handsome Libraries

Sotheby’s International Realty Nothing quite matches the experience of relaxing with a good book. From formal and wood-clad to modern and creatively illuminated, these five libraries are distinctive places to display and enjoy a collection of favored tomes. Vintage Hollywood Glamour Los Angeles, California Recalling a manor in the English countryside, this handsome four-bedroom Tudor-style […]

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23 September 2020

Home Prices Soared To 30-Year High Between May And July: FHFA

Inman News Home prices rose 6.5% year over year in July and 1% month over month, according to data released Wednesday by the Federal Housing Finance Agency. Home prices continued their steep rise in July, according to data released Wednesday by the Federal Housing Finance Agency House (FHFA). The FHFA’s home price index (HPI) increased 6.5 percent year […]

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23 September 2020

6 Million Existing Home Sales ~ However, Context Is Key With 2020 Housing Market Data

HousingWire Biggest concern for housing is that real home prices could take off. Opinion by By Logan Mohtashami Painter Kenneth Noland said,  “Context is key – from that comes the understanding of everything.”  Whether that is true in the world of art I could not tell you, but it is most certainly true in the world […]

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23 September 2020

Housing Market Stays Hot Into Fall With Mortgage Applications Up 6.8%

HousingWire Refinances led the way, snagging almost two-thirds share of mortgage activity. Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. The refinance index continued its upward climb, gaining 9% last week and jumping 86% higher than the same week one year […]

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22 September 2020

Existing-Home Sales Hit Highest Level Since December 2006

National Association of Realtors Total existing-home sales climbed 10.5% from the year prior in August, according to data released Tuesday by the National Association of Realtors. Total existing-home sales continued to rise precipitously in August, soaring past last year’s total for the greatest number of sales since 2006, according to data released Tuesday by the National […]

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22 September 2020

Beyond The Headlines: Builder Sentiment At Record High

Inman News Looking for a little clarity on this week’s news? Windermere Chief Economist Matthew Gardner digs deeper into last week’s economic announcements on retail sales, consumer sentiment, building permits and more. BY MATTHEW GARDNER There’s an overwhelming amount of data and headlines circulating. This column is my attempt to make sense of it all from […]

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22 September 2020

Homeowners Gain $620 Billion In Equity In 2nd Quarter With An Average Of $9,800 Per Household

Inman News But the gains may not last, as effects of the coronavirus pandemic begin to show on the housing market, according to a new CoreLogic report released Monday. Homeowners across the country gained an average of $9,800 in home equity over the past year, according to a new CoreLogic report released Monday. Adding up to a collective […]

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22 September 2020

Fed Releases Proposal To Reform CRA

HousingWire After declining to support OCC’s reform plan four months ago, the central bank issues its own. The Federal Reserve approved a revamp of the anti-redlining rules known as the Community Reinvestment Act, or CRA, in a live-streamed meeting on Monday morning and gave 120 days for community and industry feedback. The move comes four months after Joseph Otting, […]

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21 September 2020

Is The Economic Recovery Beating All Projections?

KCM Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that […]

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21 September 2020

Redfin: Homes Are Selling Like Hot Cakes In Swing Counties

Inman News According to Redfin’s latest market analysis, the home sales pace is growing fastest in swing counties as urban homebuyers migrate to suburban locales. Housing has become a hot-button topic during the 2020 election cycle, with both candidates outlining expansive policies aimed at addressing the housing needs and concerns of their respective voting blocs. Although […]

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