Home sales hit new highs, remote workers head south, and a new color-of-the-year for your wall.
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Existing home inventory is down. It’s gotten much worse since the start of the pandemic. Realtor.com says there are almost 400,000 fewer homes on the MLS than there were at the same time last year.
The pandemic has turned many office employees into remote workers, and for some, that could mean the freedom to move…
[REN #962] Real Estate News Brief: GDP Forecast Rises, Young Adults Move Home, Detroit Rental Market “Wacky” (in a good way)
The Federal Reserve offers an improved 2020 forecast for U.S. economic growth, empty nesters are getting their adult kids back, and the Detroit rental market has gotten “wacky.”
A decline in rent growth for single-family homes brought on by the pandemic appears to have stabilized. The CoreLogic Single-Family Rent Index shows that it moved higher in July at a year-over-year rate of 1.7%
There was a slight uptick in foreclosure filings in the U.S. as the pandemic continues, and an agreement on a new stimulus to help ailing homeowners has stalled.