Home Purchasing Reaches Highest Level in Over a Decade
For the week ending September 18, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a jump in application activity, both in purchasing and refinancing, as its Market Composite Index increased 6.8% from the previous week on a seasonally adjusted basis.
http://eyeonhousing.org/2020/09/home-purchasing-reaches-highest-level-in-over-a-decade/
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Existing Home Sales Reach 14-year High in August
As the housing market continued its rebound from the pandemic, existing home sales, as reported by the National Association of Realtors (NAR), reached its highest level in nearly 14 years in August.
http://eyeonhousing.org/2020/09/existing-home-sales-reach-14-year-high-in-august/
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U.S. household net worth soars to surpass pre-pandemic peak
Household net worth surged in the second quarter to surpass the pre-pandemic peak after a virus-driven slump at the start of the year, as a rebound in stocks buoyed Americans’ wealth.
https://www.seattletimes.com/business/u-s-household-net-worth-soars-to-surpass-pre-pandemic-peak/
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Thousands of people left King County during peak of Seattle boom, new data shows
It wasn’t long after the pandemic hit that we began to hear predictions of a mass exodus from dense urban centers for suburbs and smaller cities and towns. It’s still a matter of conjecture.
https://www.seattletimes.com/seattle-news/data/thousands-of-people-left-king-county-during-peak-of-seattle-boom-new-data-shows/?utm_source=marketingcloud&utm_medium=email&utm_campaign=TSA_091820223819+Thousands+left+King+County+during+peak+of+Seattle+boom+FYI+Guy_9_18_2020&utm_term=Active%20subscriber
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Best Areas to Invest in 2020
When it comes to investment possibilities, 2020 is one of the greatest years for new players to enter the real estate market.
https://www.propertywire.com/best-areas-to-invest-in-2020/
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Will Seattle see a surge of people leaving for the suburbs? We asked the experts
As the coronavirus pandemic continues, work-from-home policies are becoming more flexible and people are yearning for more space — at a more affordable price.
https://www.seattlepi.com/realestate/article/Will-Seattle-see-a-surge-of-people-leaving-for-15581050.php
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No extension for property taxes
King County says it is not extending the due date for property owners who pay their property taxes themselves
https://www.djc.com/news/re/12135197.html
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Facebook acquires new REI headquarters
Facebook will purchase Recreational Equipment, Inc.’s (REI) recently constructed headquarters in Seattle, according to The Wall Street Journal
https://connectedremag.com/newsletter/facebook-acquires-new-rei-headquarters/
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Demystifying interest rates
I’ve explained before how difficult and confusing it is to try to predict what interest rates are going to do. When economic fundamentals are in play, predicting and forecasting rates can be quite simple and straightforward. However, the last decade has been far from fundamental, so it’s anything but simple.
https://shawneemissionpost.com/2020/09/15/your-mortgage-the-future-of-home-ownership-101687/
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The future of home ownership is female
Single women now represent the second-largest homebuying group behind married couples.
https://shawneemissionpost.com/2020/09/15/your-mortgage-the-future-of-home-ownership-101687/
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Interest Rates Have Stalled — Is the Housing Market Slowing Down, Too?
Although the volume of home refinance applications registered 30% higher than a year ago, that annual comparison has been shrinking over the past few months.
https://finance.yahoo.com/news/interest-rates-stalled-housing-market-184806353.html
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High-Tech Cocktails at Home: A Guide to Smart Drink Makers
Bring the bar to you with these brainy beverage gadgets
https://www.mansionglobal.com/articles/high-tech-cocktails-at-home-a-guide-to-smart-drink-makers-219047
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Smart Tech to Babyproof Your Home
Modern devices are here to help with an age-old responsibility
https://www.mansionglobal.com/articles/smart-tech-to-babyproof-your-home-219460
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Apps to Help With Homeschooling
These educational apps will prove to be a boon for any homeschool curriculum
https://www.mansionglobal.com/articles/apps-to-help-with-homeschooling-218499
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Back-to-school tweaks to make learning easier: Protective blue light glasses, ergo chair
Kids are settling into the new school year and adjusting to incredible changes to keep them and their family safe from the coronavirus.
https://www.oregonlive.com/living/2020/09/back-to-school-tweaks-to-make-learning-easier-protective-blue-light-glasses-ergo-chair.html
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U.S. Mortgage Applications Dip in Mid-September
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending September 18, 2020, U.S. mortgage applications increased 6.8 percent from one week earlier.
https://www.worldpropertyjournal.com/real-estate-news/united-states/washington-dc-real-estate-news/real-estate-news-mortgage-bankers-association-weekly-mortgage-applications-survey-september-2020-current-mortgage-rates-12140.php
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U.S. Home Sales Spike in August, Highest Levels Since December 2006
Median home prices nationwide also hit record setting $310,000
https://www.worldpropertyjournal.com/real-estate-news/united-states/tampa-real-estate-news/real-estate-news-august-existing-home-sales-report-nar-2020-housing-data-coronavirus-impact-on-home-sales-in-2020-lawrence-yun-12138.php
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Continuing Claims Continue to Decrease
According to the Unemployment Insurance Weekly Claims Report released by the U.S. Department of Labor today, weekly initial jobless claims inched up during the week ending September 19, and continuing claims, which lag initial jobless claims by one week, decreased for the week ending September 12
http://eyeonhousing.org/2020/09/continuing-claims-continue-to-decrease/
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Weekly Housing Market Monitor
NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.
https://www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor
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Market Hotness Index
Metro Hotness - Zip Code and County Hotness
https://www.realtor.com/research/reports/hottest-markets/
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HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.
http://www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
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Economic Indicators
U.S. Census Bureau Economic Indicators
https://www.census.gov/economic-indicators/
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Local Market Reports
All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:
https://www.nar.realtor/research-and-statistics/research-reports/local-market-reports
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CoreLogic Home Price Insights
The most geographically comprehensive and current home price index.
http://www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
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Bureau of Economic Analysis
U.S. Economy at a Glance
http://www.bea.gov/index.htm
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Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2015
http://www.freddiemac.com/pmms/archive.html
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Housing Economics
NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.
https://www.nahb.org/en/research/housing-economics.aspx