Can Portlands Market Survive the Protests and COVID?
Within the past few years, Portland, OR, has become one of the nation’s hottest housing markets. Realtor.com stated that it has become a hub for lower home prices and thriving startups, which draws younger Americans into the area. Additionally, cost-conscious residents from Seattle and California have been relocating [...]
COVID-19s Financial Impact
A recent DSnews report reviews how homeowners and potential homebuyers are faring during the ongoing COVID-19 pandemic. LendingTree conducted a survey at the end of June to determine how the health crisis is impacting financial situations and people's ability to pay their mortgage loans. Roughly 1,000 Americans were [...]
Working Remotely Impacts Home Buying
Recent reports from Realtor.com and MReport have concluded that the work-from-home requirements created during the COVID-19 pandemic could really impact home buying. Realtor.com conducted a survey in early June that polled roughly 2,000 potential home buyers. The home shoppers had indicated they had plans to make a home [...]
Slow Rent Price Growth
Rent prices report slowest growth since 2010, according to a recent DSnews report. CoreLogic’s Single-Family Rent Index revealed that single-family rents rose roughly 1.5% annually in May 2020, which is the lowest growth since July 2010. CoreLogic concluded that rental demand is still impacted by the high unemployment [...]
Unemployment Rates Declining
According to a recent DSnews report, the U.S. economy added almost 5 million jobs in June! With these new jobs, according to the Bureau of Labor and Statistics the unemployment rate has fallen to 11.1%. The BLS revealed that the total number of unemployed Americans fell by 3.2 [...]
Bidding Wars on the Rise
According to a recent MReport, bidding wars for homes have been ramping up. Redfin revealed that more than 50% of its offers faced competition last month. June was the second consecutive month that bidding wars were on the rise. Redfin reported the competition is most likely due to [...]