Wednesday, August 26, 2020

Real estate news you may have missed



New home sales are on fire

June was a really, really good month for new home builders. In fact, you’d have to reach back to 2007 to find a month with a similar sales rate, according to the Commerce Department.

That sales were up nearly 14% and this figure is nearly 7 percent more than last year (pre-chaos) is good news for the housing market.

Low mortgage rates acted as the bait, but the overwhelming urge of so many Americans to move out of the cities was a big attraction as well.

New home sales in the Northeast were booming, up 89.7% from May and 111.1% over May 2019.
Existing homes aren’t doing too bad either

The overall real estate market is on fire as well. In fact, the folks at Ellie Mae say that the “summer market is a scorcher!”

While refinance loan applications gobbled up 62% of the nation’s loan volume, purchase apps represented 32%.

However, that is a 26% increase in June over May.

The 2020 summer purchase market is “… not only atypical, but also quite remarkable,” they said.
The short-term rental business is in deep doo-doo

You won’t find me and most people I know, boarding an airliner anytime soon, let alone staying in a hotel or airbnb. Apparently, we’re not alone.

“This has taken a toll on the short-term rental business, as short-term renters and hosts are working through solutions in response to coronavirus-related cancellations,” according to Desiree Patno at RisMedia.com.

Can you imagine the busy airbnb owner going into the summer season having to offer a full refund to all those vacationers?

“It is resulting in a substantial revenue loss for businesses that depend on the funds from renting out their properties to pay their mortgage and make other necessary payments, or as a source of passive income,” Patno suggests.

25 comments:

  1. CBOT Commodity Market On Friday (11 Dec), grain futures closed up across the board. December wheat closed higher by more than 3% after a report that Russia may delay the export of wheat.

    Corn contract for March delivery rose 2.25 cents, or 0.53 percent, to 4.235 dollars per bushel. March wheat rose 18 cents, or 3.02 percent, to 6.145 dollars per bushel. The January soybean contract rose 7.75 cents, or 0.67 percent, to 11.605 dollars per bushel. ufabet

    ReplyDelete
  2. Romance with those girls and make them feel comfortable. You have no girl like very important people. Currently, you can find all types of escort services in Uttam Nagar Escorts💛💋💃, the women giving you comfort are just a call girl for a person like you. All women are an entity that helps you in your every pose. She is truly the woman you want to have beside you if you ever want to supply yourself with the quintessential sensual taste of all, compared to the current Bit USA.

    ReplyDelete
  3. #So good to discover somebody with a few unique thoughts on this subject matter

    ReplyDelete
  4. Express Gift Baskets USA is a premier online gift delivery service specializing in gourmet gift baskets, wine, champagne, and luxury gifts for all occasions. With a focus on quality, convenience, and exceptional customer service, Express Gift Baskets USA is dedicated to helping customers send thoughtful gifts to their loved ones across the United States.

    ReplyDelete
  5. Your Trusted Online Florist is a premier online flower delivery service dedicated to providing fresh and beautiful floral arrangements for all occasions. With a commitment to quality and customer satisfaction, the florist offers same-day delivery in Germany and strives to exceed customer expectations with every order.
    Website: https://germanflora.de/florist

    ReplyDelete
  6. Visit our flower store in Paris today and immerse yourself in a world of beauty, elegance, and fragrance. Let our florist in Paris help you express your emotions, celebrate life's special moments, and create unforgettable memories with the timeless magic of flowers. Experience the joy of gifting and the beauty of nature with Gift Basket France – your trusted partner for all your floral needs in Paris.
    Website: https://giftbasketfrance.fr/paris-florist

    ReplyDelete
  7. http://www.highstreetbeautyjunkie.com/2020/08/runners-anxiety-just-me-or.html?sc=1738829076251#c4796078339736721604

    ReplyDelete
  8. Luxury Gift Hampers USA is a leading provider of premium gift baskets and luxury hampers in the United States. With a focus on quality, elegance, and sophistication, Luxury Gift Hampers USA offers a curated selection of luxury gift baskets for discerning customers. Whether you are celebrating a special occasion, expressing gratitude, or simply indulging in luxury, Luxury Gift Hampers USA has the perfect gift for every occasion.
    Website: https://expressgiftbasketsusa.com/luxury-gifts

    ReplyDelete
  9. If you are in search of delicious cakes in Spain for any occasion, look no further than Gift Baskets Spain. With our wide selection of cakes, including Spain Christmas cakes and Spain birthday cakes, you are sure to find the perfect dessert to satisfy your sweet cravings. Order your cake today and indulge in a delightful treat that will leave you wanting more.
    Website: https://giftbasketsspain.es/cakes.

    ReplyDelete
  10. GiftBasketsItaly.it is a leading online retailer specializing in gift baskets, flowers, and gourmet treats inspired by the beauty and elegance of Italy. With a focus on quality, craftsmanship, and exceptional service, GiftBasketsItaly.it aims to provide customers with a unique and memorable gifting experience.
    Website: https://giftbasketsitaly.it

    ReplyDelete
  11. GiftBasketFrance.fr is a premier online gift delivery service based in France, specializing in a wide range of exquisite gift baskets, flowers, chocolates, and more. With a commitment to quality, creativity, and customer satisfaction, GiftBasketFrance.fr aims to make every gifting occasion special and memorable.
    Website: https://giftbasketfrance.fr

    ReplyDelete

About GTG India

GTG India

GTG India
Logo