Housing inventory

Some real estate agents in the Daytona Beach, Fla., area have been reporting an increase in bidding wars for homes because of the low inventory.

Real estate agents say they are seeing more out-of-state homebuyers looking to move to Maine, but so far in 2020, there's been no surge of people from away actually buying homes in the state.

But refis bring overall mortgage application fraud risk back to its record low, First American said.

Having more houses on the market than in June 2019 had the metro area out of step with the nation as a whole, the Oklahoma City Realtors said.

With inventory tight and demand compounded by a nonexistent spring home-buying season, a fifth of all buyers waived inspection or appraisal contingencies to win bidding wars, according to Redfin.

Miami-Dade and Broward experienced a dip in year-over-year residential transactions in June. But it's not all gloom and doom: Pending sales increased year-over-year, a sign of activity increasing since April.

Tight inventory is expected to drive home prices higher over the summer, according to First American.

New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy.

While the COVID-19 pandemic has hammered other areas of the Albuquerque, N.M., economy, it's becoming clear that it hasn't stopped residential real estate momentum.

The returns on investment for homes sold in the second quarter of 2020 reached the highest level since the housing bubble collapsed, according to Attom Data Solutions.