The housing market ‘bottom is pretty much now
For housing, the future looks bright.
https://finance.yahoo.com/news/the-housing-market-bottom-is-pretty-much-now-zillow-economist-200120169.html
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Home-Buying FAQ: Your Top Questions About Purchasing Property During the Coronavirus Pandemic
The coronavirus pandemic has thrown millions of people's financial plans off the rails, and that certainly includes home buying. If you were hoping to purchase a property soon, you no doubt have a lot of questions
https://www.realtor.com/advice/buy/home-buying-faq-purchasing-property-during-coronavirus/
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'Why We're Selling Our Home During the Coronavirus Pandemic'
We met in our living room, and I had to silently reprimand Derrick for reaching for Barker's hand as he opened the door. (Barker politely declined.) Social distancing was a new concept at that time, and we were still figuring out the new social norms.
https://www.realtor.com/advice/sell/why-were-selling-our-home-during-the-coronavirus-outbreak/
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The Number of Home Listings Plummeted in April as Coronavirus Took Its Toll
April is usually one of the busiest months for the housing market, as the spring home-buying season is well underway. Not this year.
https://www.realtor.com/news/real-estate-news/april-2020-new-home-listings-plummet/
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New listings can't keep up with demand:
Just the Facts: Four Key Housing Market Takeaways for This Week
https://www.redfin.com/blog/fewer-homes-for-sale-than-buyers-in-april/
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Charting the Trends in the Current Housing Market
Here are five additional charts that illustrate the latest developments in the housing market as the world continues to grapple with the coronavirus pandemic.
https://www.redfin.com/blog/charting-coronavirus-housing-market-trends/
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Matterport Brings 3D Capture To The iPhone
Real estate agents can scan a property almost as easily as taking photos with their iPhone, to create and publish an accurate 3D digital twin of a property listing. Matterport, the industry leader in 3D capture and spatial data, today released Matterport for iPhone, a breakthrough way to create, edit, and share high fidelity 3D digital twins of any physical space
https://www.aithority.com/apps/matterport-brings-3d-capture-to-the-iphone/
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Mortgage rates hit new record low — how refinancing now could save you more money
At the beginning of May, mortgage rates fell to a new all-time low of 3.23 percent amid the coronavirus pandemic, according to Freddie Mac, one of the largest buyers of mortgages in the United States. That comes after rates hit a previous low of 3.29% in March when concerns about the virus were starting to emerge.
https://www.foxbusiness.com/money/mortgage-rates-drop-low-refinance-save-money
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'Hit but not knocked out': Here's how coronavirus has impacted the Seattle-area housing market
“Optimism is rising,” Grady said. “We have seen a drastic increase in views of virtual tours.”
https://www.seattlepi.com/seattlenews/article/housing-market-new-listings-sales-decline-covid-19-15254207.php
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What do the Airbnb, Lyft, and Uber layoffs mean for Seattle engineering outposts?
Heavily-funded New York-based real estate brokerage Compass laid off 15% of its staff, or about 375 employees
https://www.geekwire.com/2020/airbnb-lyft-uber-layoffs-mean-seattle-engineering-outposts/
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Zillow Group CEO Rich Barton on why he’s bullish about real estate despite pandemic
“People still need to move — and dream of moving, perhaps now more than ever.”
https://www.geekwire.com/2020/zillow-group-ceo-rich-barton-hes-bullish-real-estate-despite-pandemic/
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Frontdoor helps contractors, real estate agents through pandemic with augmented reality
Real estate agents, meanwhile, will be able to use Streem to connect virtually with homeowners, who can lead them on a virtual tour.
https://www.bizjournals.com/memphis/c/frontdoor-helps-contractors-real-estate-agents.html
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Coronavirus wallops Seattle-area housing market; see what’s happening in your neighborhood
The number of Seattle-area households behind on their mortgages increased 11.4% month-over-month, nearly three times faster than the 3.3% average national rise
https://www.seattletimes.com/business/real-estate/as-coronavirus-spread-seattle-area-mortgage-delinquencies-rose-three-times-faster-than-u-s-average/
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Seattle-area mortgage delinquencies rose three times faster than U.S. average as coronavirus crisis grew
The Federal Reserve is keeping a key interest rate at an all-time low — which is helping to push mortgage rates to new lows.
https://finance.yahoo.com/news/fed-helping-keep-mortgage-rates-204030257.html
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Zillow’s housing market projections: Home sales will fall 60%, prices will dip 2-3%
Using a baseline prediction that GDP will decrease 4.9% in the U.S. this year, and go up 5.7% next year, Zillow estimates a 2-to-3% drop in prices through the end of 2020
https://www.geekwire.com/2020/zillows-housing-market-projections-home-sales-will-fall-60-prices-will-dip-2-3/
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Apartments for rent in Seattle: What will $3,300 get you?
We've rounded up the latest places for rent via rental sites Zumper and Apartment Guide to get a sense of what to expect when it comes to scoring affordable apartments in Seattle if you've got a budget of up to $3,300/month.
https://hoodline.com/2020/05/apartments-for-rent-in-seattle-what-will-3-300-get-you-1588712564
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Despite pandemic, Seattle’s real estate market isn’t slowing down
It started out normally but then the state shut down to halt the spread of COVID-19. Because of social distancing, there are no more open houses. Instead, buyers are doing drive-bys, virtual tours, and requesting private showings.
https://www.kiro7.com/news/local/despite-pandemic-seattles-real-estate-market-isnt-slowing-down/EFZ35JMVSZBTLAGSM2JKMJETNM/
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BUYERS ARE RETURNING TO THE MARKET. ARE YOUR SELLERS READY?
However in recent weeks, we have seen initial positive signs that buyers are returning to the market and in need of listings to view.
https://www.keepingcurrentmatters.com/article/buyers-are-returning-to-the-market-are-your-sellers-ready/
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Are Coronavirus Fears Spurring a New Construction Frenzy?
Interestingly, that growing demand for new construction is being driven by “a wave of renters…leaving their apartments and eyeing new homes, Devyn Bachman, manager of research at JBRC, told them. “In her research, Bachman found demand for new construction heavily skewed toward renters, especially young couples with two incomes who feel secure in their employment.”
https://realtytimes.com/consumeradvice/buyersadvice/item/1037911-are-coronavirus-fears-spurring-a-new-construction-frenzy
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Weekly Housing Market Monitor
NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.
https://www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor
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Market Hotness Index
Metro Hotness - Zip Code and County Hotness
https://www.realtor.com/research/reports/hottest-markets/
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HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.
http://www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
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Economic Indicators
U.S. Census Bureau Economic Indicators
https://www.census.gov/economic-indicators/
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CoreLogic Home Price Insights
The most geographically comprehensive and current home price index.
http://www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
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Bureau of Economic Analysis
U.S. Economy at a Glance
http://www.bea.gov/index.htm
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Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2015
http://www.freddiemac.com/pmms/archive.html
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Housing Economics
NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.
https://www.nahb.org/en/research/housing-economics.aspx