National Real Estate News

May 22, 2020

Virtual Tours, Patience Can Pay Off for Homebuyers Now

Despite the pandemic, homebuyers are continuing their home search by options like online open houses where they can Zoom or FaceTime with Realtors in real time.

TORONTO – Thomas Rosenthal has been checking online property listings every day while under lockdown.

The 30-year old University of Toronto master's student ...

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May 18, 2020

NAR: Watch for Home Sales Rebound as Economy Opens Up

There are still many unknowns about COVID-19, but with that in mind, NAR Chief Economist Lawrence Yun is cautiously optimistic about where the economy is heading, and he also sees positive indicators in the residential real estate market.

WASHINGTON – First a caveat: There are still many unknowns about COVID-19 ...

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May 15, 2020

Federal Reserve Won’t Lower Rates, Suggests Congress Do More

Fed Chair Powell says there’s no plan to lower interest rates below zero, but he urged lawmakers to provide more fiscal relief soon due to great economic uncertainty.

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak ...

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May 8, 2020

Why Home Prices May Be Rising During the Pandemic

Many sellers are reluctant to cut prices. About 4% of sellers cut their prices in the week ended April 25, down from 5.7% in the same week last year.
Gloved hands testing liquids for coronavirus
Florida Realtors is monitoring everything regarding how the COVID-19 pandemic ...
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May 1, 2020

Mortgage Rates Hit All-Time Low – 3.23%

The pandemic-slowed economy pushed the average 30-year mortgage rate to its lowest point in at least 50 years – since Freddie Mac started tracking rates in 1971.

WASHINGTON – The pandemic-slowed U.S. economy pushed the average 30-year mortgage rate to its lowest point in at least 50 years, according ...

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April 29, 2020

Waiting for Price Cuts Due to the Pandemic? Keep Waiting

NAR’s survey found the 3 out of 4 Realtors say their sellers see the pandemic as a temporary problem that will pass – and they’re not panicking and discounting asking prices.

WASHINGTON – Looking for a good deal on a new home? Keep looking.

According to a new survey from ...

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April 14, 2020

Mortgage Credit Availability Decreased in March

The pandemic caused a number of lenders to tighten standards as they face the unknown, and jumbo loans – those retained by banks after closing – took the biggest hit.

WASHINGTON – Mortgage credit availability decreased in March according to the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI ...

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April 13, 2020

IRS Extends Real Estate Investing Tax Deadlines

Both 1031-exchanges and Opportunity Zone investments have deadlines that must be met – but the IRS extended those deadlines if they occur before July 15, 2020.

WASHINGTON – The Internal Revenue Service (IRS) has given real estate investors a break if an Opportunity Zone investment or 1031 like-kind exchange deadline ...

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March 19, 2020

FHFA Stops Evictions, Plans for Delinquency Spikes

Homeowners facing foreclosure or eviction got a 60-day reprieve, providing Fannie Mae or Freddie Mac hold their mortgages – and FHFA is expected to take other actions if the crisis increases and causes more homeowners to lose jobs or work fewer hours.

NEW YORK – Some of the nation’s biggest ...

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March 18, 2020

Millennials: The Lion’s Share of U.S. Home Buyers

However, there are notable demographic differences between older millennials (ages 30 to 39) and younger millennials (22 to 29) who have more college debt.

NEW YORK – Millennials now represent a significant majority of U.S. homebuyers, though there are notable demographic differences between older millennials (ages 30 to 39 ...

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