Coronavirus fears continue to roil markets. CDC warns that spread in the U.S. is inevitable. South Carolina’s Democratic presidential debate was the most chaotic yet. Mortgage application data to be released today. And in other in mortgage news …
New data shows that increased coronavirus cases caused mortgage rates to continue their downward slide. The Mortgage Report provides an analysis of how it will impact the housing market.
Joe Biden’s $640 billion housing plan relies heavily on taxes and fees on banks and other corporations.
Lenders expect mortgage rates to hit a record low due to coronavirus fears.
Housing prices increased in all 50 states last quarter, led by the Mountain region.
The National Association of Realtors reports that homeownership rates are significantly higher for white Americans.
Ibuyer sales that bypass traditional realtors are increasingly popular, according to a new Redfin report. Ibuyer companies are using computer algorithms to make sellers fast, cash offers.
An Attom Data Solutions report shows that 47 percent of qualified opportunity zones saw median home prices rise, much more than the national increase of 9.4 percent.
Investors find pet-friendly homes more profitable, as more households are likely to have pets than kids. The share of households with kids stands at 27 percent, while the share of households with pets is at 68 percent, according to US Census Bureau data.
A decline is predicted for small cap commercial real estate markets.
Feeling the squeeze? US houses are getting (a little bit) smaller.