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Bidding Wars Hold Steady in July, With Over Half of Redfin Offers Encountering Competition

54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale Salt Lake City was the most competitive market, with 75% of offers encountering competition Seattle, WA – Aug. 10, 2020 (PRNewswire) (NASDAQ: RDFN) — 54% of Redfin offers nationwide encountered bidding wars last month, down slightly from June’s revised rate of 56%, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Thi...
Tags: Real Estate, News, San Francisco, Atlanta, Chicago, Radio, Canada, United States, San Diego, Chad, Dallas, Miami, Salt Lake City, Las Vegas, Redfin, Seattle Wa


People Are Searching in the Suburbs More Than Ever Before

– Remote work, desire for more space is driving home shoppers to less dense, relatively nearby metros – After a brief pause, home shoppers are increasingly searching outside their metro area – Interest in the Northeast heats up as Midwest, South and West cool – Majority of views from residents of the 100 largest U.S. metros went to suburban properties in their metros Santa Clara, CA – Aug. 10, 2020 (PRNewswire) America is looking to move again, and the COVID-19 pandemic is influencin...
Tags: Florida, Real Estate, New York, News, Sacramento, America, Los Angeles, San Francisco, Radio, San Diego, Manhattan, San Jose, Atlantic City, Bronx, News Corp, South Carolina


Realtors® Urge Bipartisan Congressional Action on Eviction Moratorium, Rental Assistance Policies

NAR stresses consideration of small property owners during ongoing COVID-19 relief discussions Washington, D.C. – August 8, 2020 (nar.realtor) National Association of Realtors® President Vince Malta issued the following statement in response to the White House’s eviction moratorium executive order, announced this afternoon. “While NAR appreciates and is supportive of White House efforts to ensure struggling Americans can remain in their homes, we are disappointed in the administrat...
Tags: Real Estate, News, Congress, Washington, White House, America, San Francisco, Radio, Malta, NAR, National Association of Realtors, Real Estate News, Vince Malta, Malta Co Inc


Consumer Confidence in Housing Dips as Homebuying Sentiment Falls Sharply in July

ESR Group Continues to Expect Consumer Sentiment to Closely Track Success of COVID-19 Containment Efforts Washington, D.C. – Aug. 7, 2020 (PRNewswire) The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 2.3 points in July to 74.2, moderating slightly after two consecutive months of advances. Three of the six HPSI components decreased month over month, with consumers reporting a significantly more pessimistic view of homebuying conditions but a more optimistic view of...
Tags: Facebook, Real Estate, News, Radio, NHS, Fannie Mae, Real Estate News, Doug Duncan, PSB, Fannie Mae s Economic Strategic Research Group, Fannie Mae s Economic Strategic Research ESR Group, ESR Group, National Housing Survey, HPSI, Fannie Mae s National Housing Survey NHS, COVID


Realtor.com® Weekly Recovery Report: Peak Home Buying Season Shifts from May to August This Year

Santa Clara, CA – Aug. 6, 2020 (PRNewswire) Home buying season’s usual May peak has shifted to August as buyers and sellers rebound from spring’s COVID disruption, according to realtor.com®‘s Weekly Recovery Report. This week’s data shows growth in pace of sales, demand and prices have surpassed last year levels, while inventory continues to lag seasonal normals. The realtor.com Housing Market Recovery Index reached 103.8 nationwide for the week ending Aug. 1, posting a 0.1 point incr...
Tags: Real Estate, News, Radio, News Corp, Tulsa Okla, COLUMBUS Ohio, Baton Rouge, Akron Ohio, Cincinnati Ohio, Salt Lake City Utah, Fresno Calif, Raleigh N C, Richmond VA, Wichita Kan, TUCSON Ariz, Jacksonville Fla


Home Equity Levels Improve Across Nation In Second Quarter Of 2020 Despite Coronavirus Pandemic

Equity-Rich Properties Continue to Outnumber Those Seriously Underwater by Four-to-One Margin; Portion of U.S. Homes Considered Equity-Rich Ticks Up to 27.5 Percent; Seriously Underwater Properties Down to 6 Percent Irvine, CA – Aug. 6, 2020 (PRNewswire) ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second-quarter 2020 U.S. Home Equity & Underwater Report, which shows that 15.2 million ...
Tags: Real Estate, News, Mississippi, Colorado, California, Washington, Oregon, Alabama, Los Angeles, San Francisco, West Virginia, Georgia, Indiana, Indianapolis, Radio, West


Millennials Will Lead Surge in Purchase Market, According to Ellie Mae Millennial Tracker

Pleasanton, CA – Aug. 5, 2020 (PRNewswire) Millennial purchase activity is on the rise, according to the latest Ellie Mae Millennial Tracker. Purchase share – the percentage of all loans closed during the month that were purchases – grew for the second straight month, reaching 56% in June, up nine percentage points from May. This marks the highest purchase share since March 2020. “Millennials represent the single biggest opportunity in the housing market today,” said Ellie Mae Chief O...
Tags: Real Estate, News, Radio, Va, FHA, Pleasanton, Ellie Mae, Real Estate News, Ellie Mae Inc, Refinance, Ellie Mae Millennial Tracker, Ellie Mae Inc Ellie Mae, Joe Tyrrell, Ellie MaeEllie Mae, Loan Type All FHA, Ellie Mae Millennial TrackerThe Ellie Mae


Redfin Survey: 25% of Homebuyers Are Moving – Or Moving Sooner Than Planned – Because of the Pandemic

1 in 5 Buyers Are Looking for a Designated Space to Work from Home Seattle, WA – Aug. 5, 2020 (PRNewswire) (NASDAQ: RDFN) — Three-quarters of homebuyers who plan to buy a home within the next 12 months say the coronavirus pandemic has impacted their homebuying plans, according to a survey conducted by Redfin (www.redfin.com), the technology-powered real estate brokerage. Furthermore, 25% of homebuyers said it has caused them to move and/or speed up their moving timeline, 20% said it has caus...
Tags: San Francisco, Radio, Canada, United States, Redfin, Fed, Real Estate News, Home Seattle WA, Phoenix Redfin, Thomas Wiederstein, Daryl Fairweather Homebuyer, Dylan Masella


NAR Announces REALTOR Benefits® Program Partnership with ReferralExchange

Platform designed to improve lead-generation processes, offer savings and benefits for NAR members Washington, D.C. – August 4, 2020 (nar.realtor) The National Association of Realtors® today announced a new partnership with lead verification and qualification firm ReferralExchange. NAR secured exclusive savings for its 1.4 million members with the San Francisco-based company, including reductions in initial set-up fees and ongoing lead verification discounts. Roughly 16,000 U.S. real estate a...
Tags: News, Washington, America, San Francisco, Radio, NAR, National Association of Realtors, Real Estate News, Bob Goldberg, Scott Olsen, ReferralExchange NAR


Zillow Resumes Buying Homes in 4 More Zillow Offers Markets

Homeowners in 24 markets can once again sell their homes in a simpler, easier transaction through Zillow Offers Seattle, WA – Aug. 4, 2020 (PRNewswire) Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming the way people buy, sell and finance homes, today resumed buying homes in four more markets and is now buying homes in all 24 markets where Zillow Offers is available1. Zillow logo (PRNewsfoto/Zillow Group) Home sellers in Las Vegas, South Florida, the Tampa Bay regi...
Tags: Real Estate, News, Radio, Houston, Zillow, Tampa Bay, TUCSON Ariz, Real Estate News, Zillow Group, Jeremy Wacksman, Zillow Group Inc, NMLS, Zillow Group Home, Zillow Group Zillow Group Inc, Zillow Offers, Zillow Home Loans


Late-July Home Prices Soar 11% from a Year Ago to a Record High

Pending Home Sales Are Up 12% as Homebuyer Demand is 27% Above Pre-Pandemic Levels Seattle, WA – Aug. 3, 2020 (PRNewswire) (NASDAQ: RDFN) — The median home sale price climbed 11% year over year for the week ending July 26 to a record-high $315,000, according to the latest market report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This was the largest increase in sale prices recorded since early 2014. The strong price growth is a result of strong home...
Tags: Real Estate, News, Radio, Canada, United States, Houston, Redfin, Real Estate News, Melanie Miller, Daryl Fairweather, Above Pre Pandemic Levels Seattle WA Aug, Salt Lake City Redfin, Campbell Dosch Even


Urban Rent Slowdown May Signal Renters are Edging Toward the Suburbs

– Suburban rents have been more resilient than rents in urban areas during the coronavirus pandemic – U.S. rent growth has slowed this spring as heavy unemployment hit renters harder than homeowners. – Rent price growth in urban ZIP codes has slowed more than those in suburban areas since February, one outcome of unemployment affecting renters particularly hard and a possible signal that preferences are shifting in favor of the suburbs. – The split between urban areas and the suburbs is...
Tags: Real Estate, New York, News, Radio, Washington Dc, Kansas City, Zillow, Baltimore, Chicago Il, Seattle Wa, New York Ny, Houston TX, San Francisco CA, San Jose CA, San Antonio TX, Atlanta Ga


Pace of Home Sales Trending Well Ahead of Last Year

This Zillow Weekly Market Report includes housing market data as of the week ending July 25 Seattle, WA – July 31, 2020 (PRNewswire) Homes shifting from for-sale to pending, a leading indicator of completed sales, are 16.1% higher than last year, Zillow’s Weekly Market Reporti shows. New listings are not keeping pace with buyer demand, causing homes to typically sell after only two weeks on the market — a record pace in Zillow data that dates back to the start of 2019. Newly pendi...
Tags: Real Estate, News, Washington, Indianapolis, Austin, Radio, San Diego, Salt Lake City, Zillow, Baltimore, Orlando, Birmingham Al, Seattle Wa, Boston MA, Nashville TN, Atlanta Ga


Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up

Homebuyer demand for condos is recovering more slowly than demand for single-family homes since the pandemic began, but buyers seeking affordability are starting to return Seattle, WA – July 31, 2020 (PRNewswire) (NASDAQ: RDFN) — Condo sale prices nationwide dropped 1.4% year over year to a median of $252,000 in June, the second consecutive month of drops after nearly two years of rising prices, according to a new report from Redfin (www.redfin.com), the technology-powered real estate broker...
Tags: Real Estate, News, Radio, Canada, United States, Detroit, Redfin, Seattle Wa, Real Estate News, Tony Orlando, Taylor Marr, Carlos Barrientos, RDFN Condo, San Francisco Redfin


Fannie Mae Reports Net Income of $2.5 Billion for Second Quarter 2020

Washington, D.C. – July 30, 2020 (PRNewswire) Fannie Mae (OTCQB: FNMA) today reported its second quarter 2020 financial results and filed its second quarter 2020 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended June 30, 2020. The following documents are now available on Fannie Mae’s web site at www.fanniemae.com. News release reporting second quarter 2020 financial resultsFannie Mae’s Form 10-Q...
Tags: Facebook, Real Estate, News, Audio, Washington, Radio, United States, Securities And Exchange Commission, Fannie Mae, Real Estate News, Fannie Mae OTCQB, Fannie MaeFannie Mae, Fannie Maehttps, Fannie Mae Resource


Buyer Demand Drives Home Prices Up 8.5% in July

– Data shows Northeast leads the nation’s housing recovery, hints at what’s to come for the South – National median listing price now stands at a record $349,000 – Homes are now once again selling as fast as last year – National inventory declines continued with inventory nearly one-third less than what it was last summer Santa Clara – July 30, 2020 (PRNewswire) Accelerating price growth pushed home prices into uncharted territory in July with the national average median home price r...
Tags: Real Estate, News, Radio, News Corp, South, Northeast, COLUMBUS Ohio, Raleigh N C, Richmond VA, Jacksonville Fla, National Association of Realtors, Pittsburgh PA, Real Estate News, South and Midwest, Oklahoma City Okla, Metros


Pending Home Sales Mount 16.6% Increase in June

Washington, D.C. – July 29, 2020 (nar.realtor) Pending home sales continued to ascend in June, sustaining two consecutive months of increases in contract activity, according to the National Association of Realtors®. Each of the four major regions experienced growth in month-over-month pending home sales transactions, while the Northeast was the only region to not record increases in year-over-year pending transactions. The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-hom...
Tags: Real Estate, News, Washington, America, Radio, Federal Reserve, South, Columbia, Tulsa Okla, Northeast, NAR, National Association of Realtors, Cape Coral Fla, Yun, Real Estate News, Greensboro


Zillow Launches New Digital Tools for Safer, Easier Home Shopping

– Technology accelerated during the coronavirus pandemic is now being rolled out, ushering in the digital-first future of home shopping – A self-tour option will be available on all Zillow-owned homes this summer. Homes with this feature sold six days faster in a pilot program. – Digital floor plans will soon augment Zillow 3D Home virtual tours, providing shoppers with a more immersive experience. – Zillow envisions the future of home shopping will include more virtual tours, virtual s...
Tags: News, Radio, United States, Tennessee, Yougov, Zillow, Phoenix, Seattle Wa, Wallace, Real Estate News, Zillow Group, Zillow Inc, Zillow Zillow, Jeremy Wacksman, Seattle Zillow, Zillow Group Inc


National Association of Realtors® Launches Exhibit Celebrating Innovative Solution to Veteran Homelessness

Chicago, IL – July 28, 2020 (nar.realtor) In honor of the 20th year of the Good Neighbor Awards, the National Association of Realtors® (NAR) and Havas Chicago are working together to celebrate the impact of each winner in the communities they call home. Each year, NAR’s Good Neighbor Award recognizes members who make extraordinary commitments as volunteer leaders, improving the quality of life in their communities. In 2019, NAR awarded Mark Solomon, along with four others, the Good Neighbor Awar...
Tags: Real Estate, News, America, San Francisco, Chicago, Radio, Kansas City, Mark, NAR, John Norman, U S Department of Housing and Urban Development, Kansas City Missouri, Solomon, VCP, National Association of Realtors, Real Estate News


U.S. Home Seller Profits Rise To 36 Percent In Second Quarter Of 2020

Despite Coronavirus Pandemic, Typical Seller Profit Margin Reaches New High Nationwide; Margins Increase in Three-Quarters of Markets Across the Nation Irvine, CA – July 23, 2020 (PRNewswire) ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second-quarter 2020 U.S. Home Sales Report, which shows that home sellers nationwide realized a gain of $75,971 on the typical sale, up from the $66,50...
Tags: Real Estate, Texas, News, Maryland, Minneapolis, California, Kentucky, Oregon, Virginia, Massachusetts, Alabama, Georgia, Indianapolis, Radio, United States, New Hampshire


More Than 27% of Homebuyers Are Searching Out of Town, With Phoenix, Sacramento and Las Vegas the Most Popular Destinations

The coronavirus pandemic is causing homebuyers to rethink what they want in a home, with more people relocating to places where they can afford more outdoor space and room for home offices, according to Redfin agents Seattle, WA – July 23, 2020 (PRNewswire) (NASDAQ: RDFN) — A record 27.4% of Redfin.com users looked to move to another metro area in the second quarter of 2020, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s up from 2...
Tags: Real Estate, New York, News, Boston, Los Angeles, San Francisco, Atlanta, Chicago, Radio, Canada, United States, Washington Dc, Dallas, Las Vegas, Orange County, Tampa


Realtor.com® Now Gives You Options to Sell Your Home, Your Way

Seller’s Marketplace launches with information about selling options from Opendoor, EasyKnock, HomeGo, WeBuyHouses.com and listing on the open market Santa Clara, CA – July 23, 2020 (PRNewswire) With more home selling options available than ever before, knowing where to start can be a challenge. Realtor.com®’s new Seller’s Marketplace empowers homeowners to sell their home their way and allows them to compare information side-by-side and choose the option that works best for their situation....
Tags: Real Estate, News, Marketplace, David, Radio, News Corp, Santa Clara, National Association of Realtors, Real Estate News, Realtor.com, Move Inc, NWS NWSLV, Tom Willerer, OpendoorSell Now Move


Realogy To Release Second Quarter 2020 Financial Results And Host Webcast On July 30, 2020

Madison, NJ – July 24, 2020 (PRNewswire) Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, will release its financial results for the quarter ended June 30, 2020 on Thursday, July 30, 2020, prior to the company’s webcast scheduled for 5:00 p.m. Eastern Time on the same day. During this call the company will report its second quarter 2020 financial results and provide a business update. The webcast will be hoste...
Tags: Real Estate, News, Radio, United States, Sotheby s International Realty, Real Estate News, Realogy, Realogy Holdings Corp NYSE, Better Homes and Gardens ® Real Estate CENTURY, Madison New Jersey, Ryan Schneider, Charlotte Simonelli, Alicia Swift Trey Sarten, Danielle Kloeblen, Forbes Best Employers for Diversity Realogy


More Homes Were Sold Last Week Despite Desperately Low Inventory

Seattle, WA – July 24, 2020 (PRNewswire) More homes went under contract last week than the week prior, and the housing market kept up its blistering pace, according to Zillow’s Weekly Market Reporti. Homes that sold last week were on the market for just more than two weeks, tying a record pace in Zillow data that dates back to 2019.  Newly pending sales return to strong weekly growth After falling week-over-week in the past four Weekly Market Reports, newly pending sales rose 10.9%...
Tags: Real Estate, News, Indianapolis, Radio, United States, Washington Dc, San Diego, Nashville, Zillow, Baltimore, Tampa, Orlando, Oklahoma City, Chicago Il, Birmingham Al, Seattle Wa


NAR Stresses Commitment to Racial Equity in Federal COVID-19 Relief Measures

Washington, D.C. – July 23, 2020 (nar.realtor) The National Association of Realtors® wrote(link is external) to House Financial Services Committee Chairwoman Maxine Waters and Ranking Member Patrick McHenry this week, relaying its commitment to ensure all Americans benefit equally from federal COVID-19 recovery provisions.  “Following the Great Recession, people of color did not experience the same economic recovery as White Americans, [and] Black homeownership rates fell to levels no...
Tags: Real Estate, News, Washington, America, Radio, Malta, San Francisco CA, Urban Institute, NAR, Patrick McHenry, National Association of Realtors, Real Estate News, The National Association of Realtors, National Association of Real Estate Brokers, Vince Malta, Malta Co Inc


NAR Disappointed in Administration’s Final Affirmatively Furthering Fair Housing Rule

Washington, D.C. – July 23, 2020 (nar.realtor) National Association of Realtors® President Vince Malta issued the following statement after the Department of Housing and Urban Development on Thursday unveiled its final rule implementing the “affirmatively furthering fair housing” provisions of the Federal Fair Housing Act. Following the administration’s initial proposal in January, NAR publicly commented that the changes threatened to strip away the rule’s original civil rights purpose, as manda...
Tags: Real Estate, News, Washington, America, Radio, Hud, San Francisco CA, NAR, National Association of Realtors, Department of Housing and Urban Development, Real Estate News, The National Association of Realtors, Vince Malta, Malta Co Inc


Existing-Home Sales Climb Record 20.7% in June

Washington, D.C. – July 22, 2020 (nar.realtor) Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic, according to the National Association of Realtors®. Each of the four major regions achieved month-over-month growth, with the West experiencing the greatest sales recovery. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transact...
Tags: Real Estate, News, Washington, America, Radio, West, South, Midwest, Freddie Mac, Northeast, NAR, U S Census Bureau, National Association of Realtors, San Francisco Calif, Yun, Real Estate News


NAR Applauds Congressman Maloney’s First Time Homebuyer Pandemic Savings Act

NY Rep’s bill would make COVID-19 relief funds tax-exempt if used toward home down payment Washington, D.C. – July 22, 2020 (nar.realtor) The National Association of Realtors® called on members of the U.S. House of Representatives to cosponsor and support Rep. Sean Maloney’s (NY-D) First Time Homebuyer Pandemic Savings Act. The legislation would allow first-time buyers to withdraw funds from their retirement accounts under the umbrella of coronavirus-related distributions to use toward the pu...
Tags: Real Estate, News, Washington, America, Radio, San Francisco CA, NAR, U S House of Representatives, National Association of Realtors, Real Estate News, The National Association of Realtors, Maloney, Sean Maloney, Vince Malta, Malta Co Inc, NY Rep


Home Shopping Season is in Full Swing After Coronavirus Delay

– Zillow data reveals pending sales grew faster than new listings through June, as buyers are snapping up homes at a record pace – The typical U.S. home value is $252,178, up 4.3% year over year. – Rents have dipped slightly this spring in what is usually a period of growth. The typical rent is up 1.5% year over year to $1,723. That’s slower than the 2% annual growth seen last month. – Despite a small increase in new listings, inventory is down 24.1% from a year ago. Seattle, WA – Ju...
Tags: Real Estate, New York, News, Sacramento, San Francisco, Indianapolis, Chicago, Austin, Radio, United States, Washington Dc, Portland, San Diego, San Jose, Salt Lake City, Birmingham


COVID-19 Transforms Peak Rental Shopping Season in NYC

Changes in renter priorities result in a record number of discounts on Manhattan rentals New York, NY – July 17, 2020 (PRNewswire) As New York City faced the worst impacts of the coronavirus pandemic in the second quarter of 2020, the city’s real estate market reeled. Demand for rentals plummeted at a time when it normally rises, interest in the outer boroughs shot upward, and rents in Manhattan fell for the first time since the Great Recession, according to StreetEasy’s Q2 2020 Market Repor...
Tags: Real Estate, New York, News, New York City, Radio, Brooklyn, Queens, Manhattan, Real Estate News, Zillow Inc, StreetEasy, Zillow Group NASDAQ, ZG, Street Easy, StreetEasy Research, New York City Department of Finance Full