Tag Archives: Real Estate Trends

Existing Home Sales June 2020 — Extraordinarily Nimble in a Catastrophic Economy

Given the record 32.9 percent plunge in U.S. GDP in Q2 2020 (advanced estimate), June 2020 existing home sales levels could be described as unexpectedly resilient, down just 11.3 percent year-over-year on a seasonally adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR).   That descriptor rises to extraordinary when viewing the  year-over-year …Read more

Residential Mortgage Rates Hit All-Time Record Lows

Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS) hit an all-time record low for 30-year, conventional, fixed-rate residential mortgage loans, sinking to 3.07 percent for the week of July 3rd, 2020, down from 3.75 percent one-year ago.   That would have reduced the month principal and interest payment on a $200,000 loan from $926.24 (3.75 percent) …Read more

Existing Single Family Home Sales Median Prices Q1 2020

Each quarter the National of Association of Realtors® (NAR) reports quarterly median prices for single family home sales and condominiums for almost 200 Metropolitan Statistical Areas (MSAs).  The following analysis is based on the current and prior reports from NAR on median prices of existing single family home sales. The first table below shows the …Read more

New Home Sales Pickup in May 2020

New home sales picked up the pace growing by double digits percentage wise in May 2020, as the demand for clean, safe and never-lived in housing rose.  Sales came in at 676,000 dwelling units on a seasonally adjusted annualized rate (SAAR) according to the U.S. Census Bureau, up 16.6 percent from the revised 580,000 in …Read more

Existing Home Sales Plunge in May 2020

Existing home sales in May 2020 plunged from a seasonally adjusted analyzed rate (SAAR) of 5.76 million in February to 3.91 million as of May (down 32.1 percent  and a year-over-year drop of 26.6 percent according to the National Association of Realtors® (NAR).  In comparison, during the housing bubble implosion, the largest decline was 30.1 …Read more

Latest Home Sales and Residential Lending forecasts

Each month Fannie Mae and the MBA forecast interest rates, residential lending, and both existing and new home sales.  Freddie Mac does a quarterly forecast covering lending, interest rates and total home sales – existing plus new.  The following tables summarize the latest forecasts as of June 2020. Interest Rates Differing expectations of interest rates …Read more

Q1 2020 Commercial Real Estate Market Cycle Report — A Baseline or Highwater Mark for Now

Dr Glenn Mueller’s Q1 2020 Real Estate Market Cycle Report just arrived.  Under normal circumstances, this timely report allows the latest purview in just eight pages of 54 commercial markets across the country for apartment, Industrial, office, and retail properties.  Now, given the massive economic erosion in many markets across the country since the second-half …Read more