A summary of residential market indicators for the week ending May 29, 2020
June 2, 2020
Residential markets nationwide and in Alabama faced inventory shortages for several years before the pandemic, and one of the more notable outcomes thus far is the effect on residential listings. ...
New home sales rise unexpectedly in April 2020
May 28, 2020
New home sales represent a significant portion of all residential sales nationwide, usually around 10-12%.
Housing starts decline in all four regions during April 2020
May 26, 2020
Economic data from April 2020 showed a quick decline in overall business activity across the nation.
Realtor.com releases updated economic and housing forecast
May 19, 2020
Danielle Hale, chief economist for Realtor.com, recently released a revised economic and housing forecast.
National Perspective: The Pandemic’s Impact to Residential Real Estate
May 14, 2020
During the NAR Virtual REALTORS® Legislative Meetings held May 11 - 15, 2020, Dr. Lawrence Yun, chief economist for NAR, analyzed the impact of the coronavirus pandemic to residential markets in the ...
April 2020 residential sales down in several markets while prices remain stable
May 12, 2020
With the March 2020 sales data largely unaffected by the pandemic, this is the “first month” so to speak when measuring the impact of the coronavirus with closed sales activity. ...
Mortgage applications rise as rates hit historic lows
May 7, 2020
Buyers are incentivized by historically low rates, but finding (and financing) that new house has become somewhat more challenging in the COVID era.
Amid declining national numbers, Alabama’s housing starts increase in March 2020
May 4, 2020
Going against national trends, single family building permits in Alabama increased 1.2% month-over-month and 21.2% year-over-year.