Mortgage applications to buy a home plummet 24% annually

Mortgage applications to buy a home plummet 24% annually

The coronavirus appears to be splitting the mortgage market: More borrowers are refinancing to save money on monthly payments, while potential homebuyers are backing away fast.  Driven entirely by refinancing, total mortgage application volume increased 15.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 67% higher […]

Homebuilder ETF has worst month ever

Homebuilder ETF has worst month ever

Homebuilding stocks had a rough March.The iShares U.S. Home Construction ETF (ITB), which tracks the group, closed out its worst month ever on Tuesday with a more than 33% loss since Mar. 1, adding to a cacophony of gloomy statistics that included the Dow Jones...
Virtual and solo home touring soar

Virtual and solo home touring soar

While homebuyer demand has plummeted, there are still some out there who may need to move, and either purchase or rent a home. So, much like all interaction in the age of COVID-19, home touring is moving online, using robots and going solo.Zillow, a home listing site,...