Monthly Archives: June 2020

By Melissa Dittmann TraceyThe real estate market dipped during stay-at-home orders, though it still looks as if many deals were postponed rather than cancelled. What happens next? COVID-19’s resilience remains a big unknown, but it still seems as if market strength will return sooner rather than later. CHICAGO – The housing market is recovering much […]

By Martin Crutsinger The seasonally adjusted annual rate was higher than analysts expected – many economists predicted a decline. It was also 12.7% higher compared to year-ago numbers. WASHINGTON (AP) – Sales of new homes rose a surprisingly strong 16.6% in May with the reopening of major parts of the country potentially fueling activity in […]

A strong jobs report nudged mortgage rates higher, but a Fed decision to keep interest rates low, possibly through 2021, should keep mortgages affordable for a while. NEW YORK – Freddie Mac reported on June 11 that the 30-year fixed-rate mortgage averaged 3.21% for the week – up three basis points from the week before. […]

By Kerry SmithBased on realtor.com data, a drop in listings turned around in May as median prices hit an all-time high of $330,000. In the 50 largest metros, inventory was down 21.9% – but less in four Fla. cities, where it ranged from 8.6% (Orlando metro) to 19.3% (Tampa metro). SANTA CLARA, Calif. – The […]