Year: 2020

Homebuyer Demand Outpaced Supply Mid-Pandemic

Supply of homes for sale was down 24% from a year ago in April and new listings fell by 42%, but home prices were still up 5%

The effects of the coronavirus pandemic and subsequent shutdowns hit the U.S. housing market in full force in April, with sales and listings both turning in historic declines from year-ago levels. In the past two months, the housing market has seen the fastest slowdown on record as it flipped from one of the strongest markets ever at the end of February to a near standstill in April.

Home sales in April plunged 22.5%

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All Eyes On October As Home Values Hold Strong

Home values are holding strong during the COVID-19 pandemic as Australians closely monitor how the fall-out of job losses and wage cuts will likely affect property markets across the country.

Real estate analysts say the full economic hit of the coronavirus crisis may not be known until early October after financial supports like Centrelink’s JobKeeper payment, other government stimulus and mortgage hiatuses offered by banks are due to end.

Home values have remained steady but everything could change when government stimulus runs out in Spring. Picture:

Executive manager – economic research at, Cameron Kusher, said property seekers

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1 of Every 5 Houses for Sale in April Was a New-Construction Home

1 of every 5 homes for sale in April was new construction.

The number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, while the supply of existing homes plunged 24%.

With the supply of existing homes sinking, new properties now make up a bigger piece of the pie. Last month, 1 in 5 homes on the market was a newly built home. That’s up from closer to 1 in 6 last year and represents the largest share since at least 2012.

The inventory of existing homes

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3 Bingeworthy Homes on the Market Right Now

What could be better than wrapping up a whole series of your favourite show, surrounded by your favourite people enjoying the best home cinema experience money can buy?

Launched today, Binge is home to around 10,000 hours of ad-free viewing of your favourite new as well as classic content from WarnerMedia, NBCU, FX, BBC and Sony. According to Foxtel, Binge will offer a “distinctly curated mix of the best drama and movies from the world’s best entertainment brands.”

We thought we’d go ahead and find the homes that enjoy the most deluxe, cutting edge home theatre systems around because, luckily,

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Home-buying Demand Surges on Record-Low Mortgage Rates

Just the Facts: Four Key Housing Market Takeaways for This Week

  • Home-buying demand is now 16.5% above pre-coronavirus levels on a seasonally-adjusted basis, driven by record-low mortgage rates
  • Inventory of homes for sale can’t keep pace with demand. Jerry Diaz, a Redfin agent in Nashville says, “I’m showing a lot of houses, but not selling as many as I could because they’re gone before we can write an offer.” Forty-five percent of the homes under contract in the seven days ended May 15 were on the market less than two weeks
  • The migration from expensive metropolitan areas to smaller cities
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