This Week in Real Estate

October 25, 2020

Existing home sales surge 9.4% in September!

Existing home sales surge in September, major metropolitan areas see huge double digit home price gains in Q3 and single-family housing starts reach highest level since 2007. We take a closer look This Week in Real Estate.

“Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during this season,”

said Lawrence Yun, NAR’s chief economist. 

This Week in Real Estate

October 20, 2020

Mortgage Rates Set Record Low for 10th Time!

Mortgage rates set record low for 10th time, U.S. mortgage credit availability dips in September, and new home sales are outpacing new home starts at a historic rate. We take a closer look This Week in Real Estate.

““With mortgage rates to remain near 3% for the next couple of years, homebuying activity is expected to stay strong for several more years,”

said Nadia Evangelou, a research economist for the National Association of REALTORS®, wrote on NAR’s Economists’ Outlook blog.

This Week in Real Estate

October 12, 2020

Home prices rose by record numbers last week!

Home prices rise by record numbers last week, mortgage applications uptick again this month and the average lot size is shrinking. We take a closer look This Week in Real Estate.

“Large, expensive, luxury homes are taking up a bigger share of the homes that are selling, which is driving a high growth rate for the median sale price.”

said Redfin chief economist Daryl Fairweather. 

This Week in Real Estate

October 4, 2020

Homes sold two weeks faster in September due to unusual surge!

Pending home sales hit all-time high in August, homes sold 2 weeks faster in September due to an unusual surge in demand and another month of strong gains in August for single-family construction. We take a closer look at this week’s top real estate market stories This Week in Real Estate.

“Unseasonably high buyer interest coupled with historically low inventory and favorable mortgage rates are creating a perfect storm in the housing market.”  

said Danielle Hale, chief economist at realtor.com.

This Week in Real Estate

https://hartofeugene.com/this-week-in-real-estate-6/

August 10, 2020

Average U.S. mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week!

Mortgage rates tumble to a new record LOW, home equity loans improve across the nation, and job market gains continue. We take a closer look This Week in Real Estate.

Eugene/ Southern Oregon – Q2: 2020 Market Report.

August 2, 2020

The market’s spring season was tempered by the coronavirus; however, many cities in the region exhibited admirable tenacity during the second quarter of the year.

The Berkshire Hathaway HomeServices Quarterly Market Report features the latest MLS data and local market statistics. Through year-over-year comparisons of key performance indicators and market summaries, this report delivers a comprehensive overview of residential real estate activity in Lane and Douglas Counties. Learn about trends affecting sales activity and price, read decisive takeaways for each market and empower yourself with Northwest Knowledge.

This Week in Real Estate

July 26, 2020

Existing Home Sales Climb Record 20.7% in June!

Existing home sales climb to record in June, U.S home seller profits rise to 36% in 2nd quarter, and home buyer purchase plans have not significantly changed because of COVID-19. We take a closer look This Week in Real Estate.

“The sales recovery is strong, as buyers were eager to purchase homes and properties that they had been eyeing during the shutdown. This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.”

said Lawrence Yun, NAR’s chief economist.

This Week in Real Estate

Monday, June 1, 2020

Historically low interest rates top real estate news This Week in Real Estate! For the third time in 2020 the mortgage market has recorded a new historical low for interest rates, according to the Mortgage Bankers Association. Plus, home prices are still appreciating despite the effects of COVID-19 according to CoreLogic’s newly developed Pending Price Index. Click here to read more.

This Week in Real Estate

May 26, 2020

If you’ve been waiting for the market to recover before listing your house, now is a good time to start getting it ready. New information from the Mortgage Banker’s Association shows mortgage applications to purchase homes is on the rise. Plus, the S&P 500 reached a two-month high and the Nasdaq finished at its highest close in three months. And, homebuilder confidence is rebounding. Click here to read more This Week in Real Estate.