U.S. mortgage applications rise for sixth straight week

• “U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy’s recovery from the novel coronavirus crisis even as high unemployment is expected to linger.”

• “The sustained gains in mortgage applications suggest a jump in first-time buyers of both new and previously owned homes in April was probably not a fluke. Homebuilder sentiment also improved in May.”

Full Article:

https://www.reuters.com/article/us-usa-economy-housing/u-s-mortgage-applications-rise-for-sixth-straight-week-idUSKBN2331IX

Home purchase applications have risen 54% since early April

Home purchase applications have risen 54% since early April from CNBC.

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Florida Housing Market Update: April 2020

MARKET UPDATES: CLICK PLAYLIST

Existing-Home Sales Housing Snapshot April 2020, NAR.

Article:
https://www.nar.realtor/infographics/existing-home-sales-housing-snapshot

~ 22% of builders cut home prices in April 2020

Nationally:
~ "22% of Builders Cut Home Prices in April 2020 in order to bolster sales and/or limit cancellations."

Regionally:
South (26)
Midwest (23%)
West (13%)
Northeast (12%)

Full Article: http://eyeonhousing.org/2020/05/22-of-builders-reduced-home-prices-in-april-2020/

1.07 Million Refinances Secured in Q1 2020

Full Article:
https://themreport.com/daily-dose/05-21-2020/1-07m-refinances-secured-in-q1-2020

Price For Residential Building Materials Fell 4.1% in April

Full Article HERE:

https://themreport.com/daily-dose/05-14-2020/residential-building-materials-decline-in-april

Builder confidence Rose 7 points In the newly-built single-family home Market

(This follows the Previous Decline from from the COVID-19 pandemic)

Full Article HERE:  

https://themreport.com/daily-dose/05-18-2020/homebuilder-confidence-on-the-rise

1st quarter Single-Family home permits issued Increase 18.9%

"Over the first three months of 2020 – and prior to the impact of the coronavirus, the total number of
single-family permits issued year-to-date (YTD) nationwide reached 220,416.
(On a year-over-year basis),
this is an 18.9% increase over the March 2019 level of 185,336."

FULL ARTICLE & INFO: HERE

http://eyeonhousing.org/2020/05/single-family-permits-were-solid-in-march/

How Much Will Stimulus Checks Help Homeowners?

https://themreport.com/daily-dose/04-15-2020/how-far-will-stimulus-checks-go-for-homeowners

DS5: Challenges in Property Preservation

https://dsnews.com/daily-dose/05-14-2020/ds5-challenges-in-property-preservation

Pace Of Loans Entering Forbearance Slows

"Over the past week, about 26,000 loans entered forbearance each day. This is 85% fewer loans per day than recorded in early April."

https://dsnews.com/daily-dose/05-15-2020/pace-of-loans-entering-forbearance-slows

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NAR Flash Survey: Economic Pulse

NAR Flash Survey: Economic Pulse: NAR conducted a flash survey of members on the impact of the coronavirus on their market, including mortgage rates, buyer interest, and seller behavior.

"...77% of Potential Home Sellers are Preparing to Sell..." (National Association of Realtors)

https://www.nar.realtor/newsroom/realtors-report-that-77-of-potential-home-sellers-are-preparing-to-sell-following-end-of-stay-at

COVID-19: Homeowners Additional Relief(From HUD)

Homeowners Receive Additional Relief From HUD

Those impacted by COVID-19 can have mortgage payments deferred or reduced for up to six months. Click through more details.» READ MORE

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