We reported today that Redfin’s home-buying demand is nearly 17% higher than it was before the coronavirus pandemic, as states ease stay-at-home restrictions and businesses begin to reopen. Below are four charts that highlight other recent developments in the housing
Home-buying Demand Surges on Record-Low Mortgage Rates; Up 17% From Pre-Coronavirus Levels
Just the Facts: Four Key Housing Market Takeaways for This Week Home-buying demand is now 16.5% above pre-coronavirus levels on a seasonally-adjusted basis, driven by record-low mortgage rates Inventory of homes for sale can’t keep pace with demand. Jerry Diaz,
Newly Built Homes Make Up Largest Share of Market Since at Least 2012
1 of every 5 homes for sale in April was new construction. The number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, while the supply of
5 Minutes at Home with Amber Castles
Balance during a pandemic is not an easy state to maintain. For Relentless Award Winner Amber Castles – it’s all about working on her business, supporting her community in the big (and small!) ways and taking advantage of these current
5 Minutes at Home with Cindy Garret
When we asked Relentless Award winning agent Cindy Garret what has changed for her due to the impact of COVID-19, her answer is simple…“Everything.” We checked in with Cindy to understand how her she strives every day to be prepared
5 Minutes at Home with Katie Riedeman
Brand new first-time mother, a division 1 athlete and an award-winning real estate Agent? Seems like there’s not much Relentless Agent Award winner Katie Riedeman cannot do. We checked in with Katie recently to learn how she’s evolving her business,
5 Minutes at Home with Lisa Mills
From virtual catch-ups to porch drops, Relentless Award Winning Agent Lisa Mills shows that even the most extreme situations can open a space for creativity to allow entrepreneurs to not just survive – but thrive in any market condition. We
5 Minutes at Home with Misty Dowling
Over the past couple of months of shelter-in-place in Quincy, IL, Award-winning CENTURY 21 Agent Misty Dowling has celebrated three family birthdays, a graduation and the adjustment to what “normal” is for the majority of us. Despite these challenges, she
41% of Redfin Offers Faced Bidding Wars in Late April, Early May Amid Coronavirus Pandemic
The lack of housing supply is partly responsible for surprisingly high competition rates. Nationwide, 41.1% of Redfin offers faced competition in the four weeks ending on May 10. In a handful of metros, the bidding war rate was above 60%.
Powell cites Fed’s mortgage intervention as a success
Federal Reserve Chairman Jerome Powell gave a bleak assessment of the U.S. economy as he testified remotely to the Senate Banking Committee on Tuesday. The only bright spot he mentioned was the mortgage market. Powell reiterated the central bank’s plan
Home renovation declines in wake of COVID-19
As COVID-19 cases continued to climb in April, the housing market felt the strain of the pandemic. Prior to the outbreak, Buildfax, a property condition data service provider, reported demand for new homes was so high that a major housing
11 Budget-Friendly Curb Appeal Ideas
We all want visitors and families to feel welcome when they visit our homes. You also want your home’s exterior looking its best when you are getting ready to sell. Whether you are planning on staying in your home for
Could the coronavirus crisis lead to larger homes and office spaces?
A lot of interesting ideas are being floated about how the coronavirus crisis will affect our future habits and social patterns. Some that I have come across lately that relate to the housing market and real estate include the idea
Are mortgage rates about to fall below 3%?
Until about three months ago, it was basically unthinkable that interest rates would ever fall below their record low of 3.31%, which was set in November 2012. But then the coronavirus happened. And as the virus was wreaking havoc on
Can’t show homes in person? Leverage tech to keep virtual sales personal
HousingWire spoke to Matt Casey, CEO and president of CRS Data, about the ways real estate professionals can best leverage technology like the MLS Tax Suite to personalize the virtual sales experience. HousingWire: How does the mix of tax and
Mortgage marketer David Arnett to speak at engage.marketing in June
Amid the coronavirus pandemic and shifts in lending standards, marketing a mortgage company this year requires nimbleness and working across internal teams. That’s why we invited David Arnett, vice president of marketing and communications for Cherry Creek Mortgage, to speak
Affordable housing markets see prices rising as the number of homes for sale continues to drop
In April, the supply of homes for sale was down 24% year over year, while new listings fell 42%, a new report from Redfin said. Compared to a year ago, the biggest declines in active housing supply in April were
Realtor Magazine’s 30 under 30: An Interview with Emily Beutler
Emily Beutler, of CENTURY 21 Beutler & Associates, takes pride in serving the community she loves in Coeur d’Alene, Idaho. When she’s not traveling the world, she’s helping to impact the community she and her family call home. She’s been
Realtor Magazine’s 30 under 30: An Interview with Nominee Sam Medvene
Sam Medvene, of CENTURY 21 Redwood Realty, is a native of the Washington, D.C. area. With an entrepreneurial upbringing and a passion to help others, he’s already accomplished some remarkable things in his career. He’s in the top 1% of
4 Tips for Hiring a Dependable Moving Company
If you’re buying or selling a home, chances are you may need to hire a moving company. Since many people conduct major moves only once or twice in their lifetimes, you may have no idea where to start. Be aware
Luxury Real Estate Trends to Watch in 2020
What will 2020 bring? These four trends are expected to impact luxury buying and selling in the new year and decade ahead. 1. Luxury Housing Holds Steady This year, expect “guarded optimism” to replace last year’s uncertainty over fears about
The ABCs of Multifamily Cash Flow
You hear the term all the time. After all, it’s an essential concept for apartment investors because it not only reflects the viability of your investment but also its value. But what really is cash flow? How do you compute
4 Tips for Hiring a Dependable Moving Company
If you’re buying or selling a home, chances are you may need to hire a moving company. Since many people conduct major moves only once or twice in their lifetimes, you may have no idea where to start. Below are
Recap: A #One21Experience
This year’s #One21Experience was one for the books! From dynamic breakouts to an unbeatable lineup of speakers, an interactive expo, and jaw-dropping announcements, our relentless affiliates stepped away from running their businesses to expand their knowledge and to network with