05/11/2020
AccuSearch (email)
Weekly Update: 5/11/2020
NEWS | Week in Review
[ more articles ]
Housing Market Shows Early Signs of Recovery, Even Where COVID-19 Has Not Peaked
New listings and home sales are seeing early signs of recovery in the U.S. housing market, even as some cities struggle to flatten the coronavirus curve, finds a new analysisfrom Redfin, the technology-powered real estate brokerage. It found that in areas where real estate has been deemed an essential service, both housing supply and demand is beginning to strengthen, even if the community has not yet experienced a peak in COVID-19 cases.
Natalie Koonce Joins WFG National Title Insurance as Vice President, National Escrow Advisor
WFG National Title Insurance Company (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, has announced that Natalie Koonce has joined the company as its Vice President, National Escrow Advisor.
Housing Affordability Down Due to Economic Losses Stemming from COVID-19 Pandemic
Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.
Realtors® Report That 77% of Potential Home Sellers are Preparing to Sell Following End of Stay-At-Home Orders
More than 3 in 4 potential sellers – 77% – are preparing to sell their homes following the end of stay-at-home orders, with half completing do-it-yourself home improvement projects, according to a new survey from the National Association of Realtors®.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 1, 2020.
Share of Mortgage Loans in Forbearance Increases to 7.54%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Surveyrevealed that the total number of loans now in forbearance increased from 6.99% of servicers' portfolio volume in the prior week to 7.54% as of April 26, 2020. According to MBA's estimate, a total of 3.80 million homeowners are now in forbearance plans.
QUICK LINKS |Other News
We have taken some time to check out industry news from other sources on the Internet and here are a few links we thought you would find interesting, or that we think you should be paying attention to:
Zillow's housing market projections: Home sales will fall 60%, prices will dip 2-3%
Real estate may feel the effect of COVID-19 until the end of 2021 - and possibly even longer. Zillow Group published its latest housing market projections Monday, outlining three scenarios for home prices and sales over the next year-and-a-half.
New 'COVID Clause' protects buyers and sellers in Las Vegas' uncertain real estate market
Our world has changed since this pandemic started, and real estate is no different. Sellers are unsure if they should sell and buyers are unsure if they should buy. So, Las Vegas realtors and lenders have changed how they operate, hoping to instill some confidence. Call it the "Covid Clause."
Why Congress must adopt the SECURE Notarization Act
In this coronavirus crisis, we desperately need to give financial relief to as many people as possible as quickly as possible. Many people are losing their jobs, and many more are at risk of reduced earnings. We have excellent examples of how to do this.
FORUMS | Recent Posts
[ visit the forums ]
Forum threads with recent comments:
Beware - Nationwide Abstrax -- most recent activity: 5/8/2020 4:08:29 PM
Ryaan Tech Solutions Inc. -- most recent activity: 5/8/2020 3:53:08 PM
Veiled Attempt to Get Lower Fees -- most recent activity: 5/7/2020 3:27:04 PM
Get ready abstractors....the work is coming -- most recent activity: 5/5/2020 2:21:25 PM
