A lot of attention has been placed on the impact that the pandemic has had on the multifamily market, from occupancy rates to rent collections to different ways that owners and operators can mitigate the pandemic’s impact on their properties. However, before any of those issues can be discussed, it’s important to note that getting a property...
First drop in three months
Following three months of increases, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, fell 1.7 points in November to 80. Year-over-year, the HPSI is down 11.5 points.
Senior Vice President and Chief...
Why fixing the flaws in the current system and increasing funding is a better approach than creating a new tax credit
The incoming Biden administration has made improving racial equity a pillar of its domestic policy agenda, and appropriately so. There is a compelling argument that ending historic economic and racial inequity should...
The real estate industry is transforming at an unprecedented speed, with the Covid-19 crisis acting as an additional catalyst for change. Technological developments in proptech, the impact of ESG criteria and the changes in the way people live, work and shop are having a profound impact on all aspects of the real estate value chain, including how...
However, offer acceptance increased even in a strong seller's market
iBuyer purchase volumes were significantly lower during the third quarter this year than they were pre-pandemic, according to zavvie‘s inaugural Seller Preference Report. In Q3, iBuyer purchases dropped 82% year over year.
Zillow, Redfin, Offerpad and Opendoor all paused respective iBuying practices in March, citing COVID-19...
Though both will likely level off after such an unprecedented 2020
CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover.
CoreLogic chief economist...
With less than a week's worth of inventory, buyers are bidding up to six figures over asking prices
Boise, Idaho was the No. 1 midsized housing market to watch in 2020, according to Zillow, because of its draw for young professionals, families, and retirees alike. In 2018, Forbes ranked the city No. 1 on its list...
As we look toward 2021 with a hint of optimism about what lies ahead, I think real estate marketers would be wise to focus on a largely untapped opportunity: the Latino community.
Just like others in this country, many Latinos want to achieve the American dream. This dream can be elusive and difficult to...
Now available in 14 markets across the U.S.
Knock’s Home Swap solution is now available in three new markets in Florida: Homeowners in Miami, Fort Lauderdale and West Palm Beach can buy their next home before selling their current one. Knock entered the Florida market in October.
Late last month, Knock’s Home...
With a lot fewer water cooler talks, breakfast meetings and lunch events, there are almost no networking events to talk about the commercial real estate market. To add insult to injury, fewer projects are happening to create your own market information. While no one knows exactly what the future holds, when the pandemic ends, the commercial real...
