Year Over Year Change In Purchase Applications. According to data from MBA’s State Monthly Activity Report (SMAR), purchase applications grew for 14 consecutive months until the impacts of COVID-19 slowed activity to a 2 percent decline in March. Most of the decline was likely in the last two weeks of the month, when many states …
March 2020 Real Estate Market Activity Recap. Sarasota and Manatee single family home, condo and townhome sales. Residential Sales Rise While Market Slowdown Begins. The March housing market transitioned from a soaring spring season to a slowdown in activity when COVID-19 concerns began to rise mid-month. Most pending sales from the previous month became closed …
March 2020 Sarasota Manatee Real Estate Sales Recap Read More »
April 2020 Commercial Real Estate Trends And Outlook. National Association of Realtors’ (NAR) Quarterly Market Survey gathers information about the commercial transactions of REALTORS® and members of affiliate organizations (CCIM, SIOR, RLI, IREM, and the Counselors of Real Estate) and the opportunities and challenges facing commercial practitioners. The 2020 Q1 survey was sent to approximately …
Where Will The Rental Market End Up? Cooling Demand In A Hot Building Market. While it is too early to know how COVID-19 will affect rental markets, early signs suggest another slowdown in demand is coming. Already, leasing activity is down at a time when new apartment completions are nearing a 30-year high. Cooling demand …
Where Construction Firms Are Finding Value. Across the globe, while construction projects continue to grow in both scope and complexity, labor productivity is flatlining. According to McKinsey Global Institute, builders’ productivity growth worldwide has averaged only 1% growth per year over the past two decades, compared to 3.6% growth in the manufacturing sector. In the …
Loans In Forbearance As A Percent Share Of Servicing Portfolio Volume. As of April 1, 2020. New survey findings released by Mortgage Bankers Association (MBA) this week highlight the unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of the coronavirus (COVID-19). According to MBA’s Forbearance and Call Volume Survey, the total …