The pandemic amplifies demand for suburban real estate

The coronavirus pandemic is amplifying and altering a U.S. real estate trend driven by shifting population migration patterns in recent years. This trend involves slackening demand for homes in high-cost and high-density urban areas, mainly those located on the coasts, and is countered by rising demand for the lower-priced homes and suburban sprawl more commonly […]

Home affordability improves but remains challenging

Despite the economic uncertainty resulting from the COVID-19 pandemic, home-price appreciation continued to grow faster than wages in two-thirds of U.S. counties analyzed in Attom Data Solutions’ second-quarter 2020 U.S. Home Affordability Report. The report, which included data from 406 counties across the nation, found that 66% of them had home-price appreciation rates that outpaced […]

Homeowners aren’t flocking to equity as a safety net

There’s good news and bad news for mortgage originators who aim to offer assistance to cash-strapped homeowners during the ongoing coronavirus pandemic. First, the good news: According to Black Knight, the amount of tappable home equity across the U.S. as of first-quarter 2020 increased by 8% year over year to a record-high $6.5 trillion. And […]