by Anthony | Jul 9, 2020 | Counsellors Title Agency, Housing, Real Estate News
Excluding many of the major COVID-19 hotspots, buyers appear to be ready, willing and more than able to jump back into the real estate market this past May. Nationally, pending home sales surged by 44.3% in May in comparison with April 2020, according to the...
by Anthony | Jul 7, 2020 | 2020 Trends, Real Estate News
The Case-Shiller 10-City Price Index increased by 3.4% year-over-year, and held steady from the March figures. This atypical increase occurred during the national economic lockdown. On a month-to-month basis the S&P Case-Shiller Home Index jumped by 4.6% compared...
by Anthony | Jun 18, 2020 | Housing, Inventory, NJ, Real Estate News
According to Redfin, housing demand was up 25% year-over-year for the first week in June. In some cases there was a slingshot effect, as in the case of Atlanta, where pending home sales surged by 20% year-over-year from 2019. Even though the Atlanta and Southeast...
by Anthony | Jun 16, 2020 | Mortgages, Real Estate News
The Mortgage Bankers Association reported that mortgage applications for new home purchases increased 10.9% compared to May 2019 figures. From a 2020 perspective, the number of new mortgage applications rose by 26% compared with figures from April 2020. “The...
by Anthony | Jun 11, 2020 | 2020 Trends, COVID19, Housing, Inventory, Real Estate News
A year ago who would have considered that an unemployment rate of 13.3% would be considered a positive development? But then one year ago, who would have considered that we would have been dealing with a pandemic for the last 3 months? Many of the real estate experts...
by Anthony | Jun 5, 2020 | Inventory Shrinkage, Manhattan, Real Estate News
The Wuhan pandemic, which made Manhattan an epicenter of the virus, had a catastrophic impact upon the number of real estate contracts signed in May. For the month, there were just 160 signed, which compares with 992 signed in May of 2019. This represents an 84% drop...
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