Current Market Data
Despite continued economic uncertainty from COVID-19, housing markets continue their upward projectory.
2020 has seen much speculation that COVID-19 is driving households away from cities to lower density places in the suburbs. RCLCO looks at whether 2020 is indeed the year of the suburbs.
Empty commercial space is a looming crisis. What if all that unused real estate were converted to housing?
The shortage of sellers and abundance of buyers was reflected by a national inventory decrease of 32.5% year over year.
A new report from CoreLogic shows higher-priced rentals returned to 2019 growth rates while the lower-priced tier continues to lag.
“COVID-19 cases are on the rise and there is increasing likelihood of a further impact on economic activity, which may trigger a corresponding increase in unemployment in impacted industries,” says First American Chief Economist Mark Fleming.
A new report from NAR points to changes in homebuyer and home seller behavior brought about by the pandemic.
The biggest changes were found in mortgages that are in serious delinquency, meaning those that are at least 90 days delinquent.
The decision to rent or to buy was once a question of finances and lifestyle preferences, but the coronavirus pandemic has added yet another complex layer to the equation for many Americans.
Metro areas with the highest share of vacation homes are seeing more interest on Zillow and higher pending sales growth than the nation at large.