Purchase

COVID-19 could not stop the upward pressure on home prices in San Diego County which reached a new high of $600,250 in June.

Home sale prices are up while sales numbers are way down in metro Detroit's real estate market, which has yet to experience any collapse in values from the coronavirus-caused recession.

The new normal created by the events so far in 2020 could make this the best year ever for lenders.

Sales of previously owned homes rose in June for the first time in four months as the economy reopened more broadly from coronavirus-related shutdowns and buyers took advantage of record-low mortgage rates.

Mortgage applications increased 4.1% from one week earlier as consumers continued to pursue both purchases and refinancings even as conforming rates rose from their record lows, according to the Mortgage Bankers Association.

COVID-19 continues to upend the Massachusetts residential real estate market as sales of both single-family homes and condos have crashed roughly 23% and 30%, respectively, this June compared with last.

Planet Home Lending took advantage of coronavirus volatility and low mortgage rates to increase its funding volume.

Santa Fe County had the highest median home sales price in the state in June, and New Mexico had its highest statewide median sales price of $231,000 since the New Mexico Association of Realtors started keeping statistics in 2008.

Despite concerns with the COVID-19 pandemic, the area real estate market saw activity in June that was consistent with June 2019.

The Federal Housing Finance Agency will extend the same GSE benchmarks of the past three years into 2021.