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  • More people are fleeing San Francisco and NYC for the suburbs Aug. 14th 2020
    Since more companies located in pricey areas are allowing employees to work from home, migration patterns from coastal cities to suburbs are increasing. HW+ Premium Content The post More people are fleeing San Francisco and NYC for the suburbs appeared first on HousingWire.

  • Short-term rentals are outperforming hotels, here’s how one company is helping property owners Aug. 14th 2020
    The hotel industry saw greater drops in occupancy and average daily rates than the short-term rental industry, which saw a more stable average daily rate. The post Short-term rentals are outperforming hotels, here’s how one company is helping property owners appeared first on HousingWire.

  • Are cities really seeing an exodus? Zillow says urban areas have more in common with suburbs than you think Aug. 13th 2020
    While we know people are migrating out of urban areas, seeking more room in suburban areas, these housing markets are showing similar trends since COVID-19 shut down much of the country. The post Are cities really seeing an exodus? Zillow says urban areas have more in common with suburbs than you think appeared first on HousingWire.

  • As homebuyers flee to luxury mountain towns, local housing markets are heating up Aug. 13th 2020
    During this time when people are hunkering down with their families in cramped homes, an expansive vacation property seems more ideal than ever, especially in mountain towns like Aspen, Colorado and Jackson Hole, Wyoming. HW+ Premium Content The post As homebuyers flee to luxury mountain towns, local housing markets are heating up appeared first on HousingWire.

  • Median home prices grew in 96% of metros during Q2 Aug. 12th 2020
    The national median existing single-family home price in Q2 was $291,300, a 4.2% year-over-year climb. San Jose, California came in as the most expensive metro. The post Median home prices grew in 96% of metros during Q2 appeared first on HousingWire.

  • In a hot housing market, gap between purchase price and appraiser condition ratings causes headaches Aug. 11th 2020
    Last week, HousingWire reported surging mortgage volume and record low interest rates are putting excess pressure on appraisal turn times. This week, appraisal experts said those same variables are having a profound impact on an age-old conflict of appraisal reports versus what the market believes the home is worth. The post In a hot housing market, gap between purchase price and appraiser condition ratings causes headaches appeared first on HousingWire.

  • Low mortgage rates and low inventory resulted in more bidding wars in July, Redfin says Aug. 10th 2020
    For the third consecutive month, Redfin said that more than 50% of its home offers faced competition in July due to record-low mortgage rates and inventory. The post Low mortgage rates and low inventory resulted in more bidding wars in July, Redfin says appeared first on HousingWire.

  • Fannie Mae survey confirms: It’s a seller’s market Aug. 07th 2020
    After two consecutive months of advances, Fannie Mae’s Home Purchase Sentiment Index fell 2.3 points in July to 74.2, but remained above April's record low. The post Fannie Mae survey confirms: It’s a seller’s market appeared first on HousingWire.

  • In a virtual learning world, do you still need to buy a house in a good school district? Aug. 05th 2020
    In a shift that feels similar to the way many people are reconsidering how close they need to be to a physical workplace, many parents are questioning how close kids need to live to their school if classes are going to be online for the foreseeable future. The post In a virtual learning world, do you still need to buy a house in a good school district? appeared first on HousingWire.

  • Driven by low inventory, median U.S. home price reaches record high in July Aug. 04th 2020
    The national average median home price has reached a new record high of $349,000 due to low inventory and pent-up demand. The post Driven by low inventory, median U.S. home price reaches record high in July appeared first on HousingWire.