Numbers Show A Rebound In Apartment Searches

Today’s News Synopsis:

In the midst of this pandemic, more people are searching for apartments.  According to a recent Gallup poll, only half of Americans are comfortable with buying a home right now.  Where are the top cities you can still get the most cash from refinancing in the midst of the pandemic?

In The News:

HousingWire “Apartment searches have rebounded” (4-27-2020)

“Since COVID-19 made its entrance into the U.S., people in various states, cities and counties have been under stay-at-home orders. But although the real estate world has hit pause, there is still a desire to move.”

Zillow “Coronavirus Layoffs More Severely Threaten Housing Security for Asian, Latinx and Black Households” (4-27-2020)

“Amid an unprecedented health crisis, pending sales in the U.S. housing market fell steeply during the second half of March, according to a new Zillow® Real Estate Market Report.” “The Top 10 Cities Where You Can Bank the Most Cash by Refinancing Right Now” (4-27-2020)

“When professional cyclist Phil Gaimon saw that interest rates had dropped in early March, he decided to call his mortgage broker, pronto.”

Forbes “Fannie And Freddie: Homeowners Will Not Owe Lump Sum Payments After Forbearance” (4-27-2020)

“Despite what many homeowners may have heard, there won’t be any balloon or lump sum payments due once a mortgage forbearance period ends—at least if the loan is owned by Fannie Mae or Freddie Mac.”

Inman “Only 50% of Americans think it’s a good time to buy a home: Gallup poll” (4-27-2020)

“It’s the lowest since Gallup began conducting homebuyer sentiment surveys in 1978.”

CNBC “Homebuilders suddenly see sales jump as renters flee small urban apartments” (4-27-2020)

“Home sales nearly ground to a halt at the end of March, as the coronavirus pandemic forced an economic shutdown that scuttled open houses and shattered consumer confidence.”

Apartment Therapy “Twitter Users are Sharing Their “Animal Crossing” Homes, and They’re Better Than Our Real Homes” (4-27-2020)

“Although most of us have been cooped up at home for the past month, that hasn’t stopped others from moving into private islands, building houses, and remodeling interiors.”

ATTOM Data Solutions “Top 10 Regional Rankings of U.S. Housing Markets Vulnerable to COVID-19 Impacts” (4-27-2020)

“ATTOM Data Solutions recently released a special report spotlighting the U.S. housing markets more or less vulnerable to the impact of the Coronavirus pandemic.”


California Real Estate Investor Events

Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing With NorcalREIA on Wednesday, June 10.

Bruce and Aaron Norris will be presenting Keep-Sell-Create in Sacramento on Saturday, June 20.

The Norris Group presents its award-winning black-tie event I Survived Real Estate 2020 on Friday, September 18.


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