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How is COVID-19 Affecting Home Buying Trends?

Today’s home buying trends have been dramatically impacted by the COVID-19 pandemic. Here are some interesting facts to consider.

California Looking to Avoid a Wall Street Takeover of Foreclosures

A massive wave of foreclosures could be in California’s future, with new legislation to prevent them all from being converted into rentals.

Demand for Mortgage Refinancing is on the Rise

Mortgage refinancing demand spiked 20% after last week’s small mortgage rate increase. Transparent Mortgage analyzes this trend.

Home Prices and Owners’ Equity Were on the Rise in Q2

Though the country’s economy as a whole took a hit in the second quarter of 2020, home values did not. Owners’ equity rose significantly in Q2. A Look at the Numbers As Q3 nears its end, we are seeing official data come in for Q2. The Federal Reserve recently released Continue Reading →

U.S. Homeownership Rate at Highest Point Since 2008

The U.S. Census Bureau recently released its homeownership data for the second quarter of 2020. As of Q2, the homeownership rate is up to 67.9%. This is the fourth quarterly increase in a row and the highest homeownership rate since 2008 before the last housing crisis. The rate is up Continue Reading →

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