The good, the bad, and the likely for housing in 2021

Despite the pandemic, incredibly, the housing market has surpassed all expectations in 2020. Applications to purchase a home hit a low point in the spring due to stay-at-home orders and mandated business closures, but have rebounded swiftly. As of the week ending December 4, purchase loan applications have exceeded year-ago levels for 29-straight weeks, and…Continue Reading

Housing advocates warn that as the federal eviction moratorium ends, people of color are most at risk of being left without a home

A federal evictions moratorium is set to expire on December 31, potentially leaving millions at risk of homelessness.  People of color are most at risk, CNN reported.  In some states, people are already being evicted despite the moratorium, the majority of them being Black or Hispanic.  Visit Business Insider’s homepage for more stories. People of…Continue Reading

Housing market ‘insane’ for buyers, but realtor says ‘job is to get best price’

Real estate agents are being accused of fuelling the red-hot property market by manipulating so-called “estimated prices” on websites. Photo: RNZ / Claire Eastham-Farrelly Consumer advocates warn it is a case of “buyer beware” and urge those looking for a home to do their homework first. Edward and his wife have been looking for a…Continue Reading

The downside of the hot 2020 housing market: rapid home-price growth

Demand for housing was strong in early 2020, before the COVID-19 crisis hit. Mandated shut-down measures and the fear of what COVID would do to our economy temporarily immobilized the housing market, evinced by nine weeks of declines in the weekly purchase applications data on a year-over-year basis. Then it was as if the Housing Demographic…Continue Reading

Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. The latest tech, coined QVM-Insights, leverages Quantariums AI power to incorporate real-time updates of a property’s condition to provide users with an automated valuation…Continue Reading

The housing bubble boys blew it in 2020

The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any 2020 bubbles the housing bubble boys had left in their arsenal. But before we get too excited, keep in mind we are still down 0.2% year to date compared to 2019 levels.…Continue Reading

The housing market faced uncertainty in March, but now ‘it’s a circus’

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents. “It’s been a circus, really,” said Anthony Lamacchia, Realtor and owner of Lamacchia Realty…Continue Reading