The July RHPI shows that even though nominal house price appreciation increased significantly, it still did not affect the affordability boosts from declining rates and rising household income.
https://t.co/9WScJv3qtO
In recent weeks, home sale prices have soared - the most significant increase since 2013 - raising concerns of affordability for first-time homebuyers.
https://t.co/EfHYkbTKwl
Due to interest rates ticking to unprecedented lows, a rush to refinance was the perfect driver for record-breaking mortgage lending in Q2.
https://t.co/Q5N251cZPt
According to First American's Chief Economist Analysis, the housing market potential continues to hold its V-Shaped recovery, despite the pandemic's impact.
https://t.co/s8Gjo79l6a
With the majority of millennials turning 30 in 2020, we can expect the potential homeownership demand to continue to increase as millennials continue to age into life decisions.
https://t.co/RcXPWkxALx
The pandemic has positively shifted the industry’s acceptance of eClosings, emphasizing the importance of a digitized workflow. https://t.co/9m5tsc7MA0
ATTOM Data Solutions released its Q2 Report highlighting which counties around the US are more or less vulnerable to the impact of the pandemic.
https://t.co/FwaM6pSsDu
“You know what needs a really healthy dose of disruption? The closing process," says Jay Thompson in the attached article. And you know what? We couldn’t agree more!
https://t.co/mU0rik9kih
An increase in purchase applications and the fall of the stress index show evidence of a “V-shaped“ recovery, all of which is good for the housing market.
https://t.co/cWAsXwI0Ox
Despite being in the midst of the fastest contraction ever recorded in U.S. history, there is still evidence of a withstanding pool of potential home buyers.
https://t.co/W2VWLjWGgE