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Unemployment Claims During COVID-19

According to a recent MReport, there are more than 30 million Americans claiming unemployment benefits. The U.S. Department of Labor reported that an additional 2.12 million Americans filed for unemployment this week. This is a slight decline from the week before, when 2.44 million claimed unemployment. Doug Duncan, Chief Economist at Fannie Mae, stated that
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The Best Days to Sell

According to a recent MReport, new data shows that summer months are the best time to sell homes. ATTOM Data Solutions revealed that there is a good, better, and even best day to sell your home. The analysis showed that 11 particular days are deemed as the prime time to move. Eight of these days
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The Rise of Homebuilding

According to a recent MReport, homebuilder confidence is on the rise! The latest National Association of Home Builders/Wells Fargo Housing Market Index stated that builder confidence for new single family homes has risen seven points to 37. There has been a boost to the home construction industry due to it being deemed an “essential” business.
WHAT HOME LOAN LENDERS LOOK FOR IN WOULD BE HOMEOWNERS TEXT WORD CLOUD CONCEPT

Wells Fargo Donates $175M to Help Homeowners

According to a recent MReport, Wells Fargo announced that it is funding $175 million to help keep homeowners in their homes. Due to the COVID-19 pandemic, the bank has donated funds to more than 500 nonprofits who provide services to vulnerable populations. Since March, more than 300 grants have been made to assist urgent housing
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How Does Working Remotely Impact Homeowners?

Will COVID-19 cause Americans to move to the suburbs? Analysis by Zillow indicated where homeowners choose to live could be shifting due to the COVID-19 outbreak. According to a recent MReport, of the people who are able to work from home, roughly 75% said they would like to continue to do so, but that may
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Metro Home Prices Increase

According to a recent MReport, a study revealed nearly all of the cities studied reported an increase in home prices. The National Association of Realtors revealed home prices rose in 96% of metros during Q1 of 2020. Out of the 181 metros studied, 174 reported an increase in sales prices. This is 2% higher compared

Homeowners Getting Ready to Sell

According to a recent MReport, a new study found that the impact of COVID-19 has caused changes in buying behavior. The National Association of Realtors reported that 77% of potential sellers are preparing to sell following the end of the stay-at-home order. NAR Chief Economist Lawrence Yun stated, “After a pause, home sellers are gearing
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Households Faceing Housing Insecurity

According to a recent MReport, new analysis from Zillow shows that African-American and Latin homeowners could be more cost burdened due to the COVID-19 outbreak. Zillow reported that minority homeowners have been adversely affected by the impacts of COVID-19. Of the 22 million Americans who filed unemployment in the last month, roughly 13% were Latin,
Crucial things to consider when relocating

COVID-19 Sparks Changes- Part Two

In our last blog post, we highlighted data from a study conducted by Realtor.com. The survey collected information on the changes in living situations and implications about future moves. Keep reading to learn more about what Realtor.com found in their study. The survey concluded that a majority of people looking to buy a home prefer
Crucial things to consider when relocating

COVID-19 Sparks Changes- Part One

According to George Ratiu, Senior Economist for Realtor.com living in the age of social distancing has sparked changes in the housing market. The COVID-19 outbreak and increase in cases has confined most Americans to their houses. With more and more Americans filing for unemployment, the economy has suffered. This has halted retail spending and industrial
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Is Home Buying Demand Stabilizing?

According to a recent MReport, home buying demand in the U.S. could be stabilizing. A new study found that there was an increase in people looking for homes. Redfin reported that home buying demand increased 7% during the first week of April. The demand was down 33% the last week of March and was only
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Virtual Home Tour Update

According to a recent MReport, many contracts have been signed by customers who viewed a house via video. Redfin reported that one-third of tour requests last week made by Redfin customers  were video-chat tours. This is higher than the 1% during the first week of March. Out of all the offers signed, 12% were signed