Redfin, the technology-powered real estate brokerage, has reported the national median home price year-over-year in June rose 2.8%, to an all-time high of $311,300.
Bank of Canada Governor Tiff Macklem went on the offensive offering reassurance that interest rate in Canada will remain low for at least the next 2-years.
The U.S. Census Bureau is reporting that Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,186,000. This is 17.3% above the revised May estimate of 1,011,000, but is -4.0% below the June 2019 rate of 1,235,000.
Dealers responding to this week’s Weekly Order Survey, continue to report that they remain very optimistic about both their near-term and future sales.
The National Association of Home Builders (NAHB) Remodeling Market Index (RMI) for the second quarter of 2020, posted a reading of 73. An indication that more remodelers view conditions as good, rather than poor.
According to a report from CoreLogic®, an Irvine, California, based provider of consumer, financial and property data and analytics to businesses and government, in April 2020, 6.1% of all U.S. mortgages were delinquent by at least 30 days or more.
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending July 16th, 2020.
The Canadian Real Estate Association (CREA) is reporting that both Canadian home sales and listing rebounded in June 2020.
According to the latest National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI) builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July.
The U.S. Department of Labor is reporting that an additional 1.3 million Americans made their initial filing for unemployment benefits during the week ending on Saturday July 11th.