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2008 recession compared to 2020 pandemic recession
The impact of the housing market on the 2008 financial crisis couldn’t have been more different than what we’ve seen during this year’s recession. While housing was a significant factor in slowing the economic recovery 12 years ago, in ...Three-Year Housing Outlook
30-year fixed-rate loans are expected to remain below 3% during early 2021, and average about 3.2% during the next three years. Millennials will add substantial demand for housing over the next few years. Home prices pro...Ready to Sell this year? Here’s How to Refresh Your Home
Ready to Sell this year? Here’s How to Refresh Your Home The warm weather of spring usually ushers in a flurry of real estate activity. But this year, with different parts of the country on varying degrees of lockdown, some sellers may h...Housing Market Update – from Cary Hairabedian at Remax Real Estate
Housing Market Update – from Cary Hairabedian at Remax Real Estate As California entered its second month of reopening under phase 2, the recovery is proceeding at a cautious pace. While the rebound in the economy is uneven, the housing m...Low rates could carry the housing market after Coronavirus
Low rates could carry the housing market after coronavirus In Fannie Mae’s most recent Housing Forecast, the mortgage giant has some pretty bold predictions about the future of mortgage rates. It says the average interest rate for 2020...Housing Affordability Index Fourth Quarter 2019
Los Angeles County: 27% - Median home price: $617,310 – improved from 24% one year earlier Orange County: 26% - Median home price: $828,000 – improved from 20% one year earlier Riverside County: 41% - Median home price: $420,000 – i...SOUTHERN CALIFORNIA MARKET UPDATE Buyer competition fuels 16% jump By Jeff Collins
A recent rebound in the Southern California housing market took off with a vengeance in December, thanks to the double whammy of low mortgage rates and a drop in the number of homes for sale, new data from the California Association of Realtors...The housing market could continue to prop up the US economy in 2020 even if concerns about Iran and trade talks with China dampen confidence for American businesses.
A healthy job market and low mortgage rates have made homes more affordable for many consumers. In October, housing prices rose 3.3% annually, according to the most recent S&P CoreLogic Case-Shiller US National Home Price NSA Index, whic...