What's Happening in Real Estate

A digest of important recent news and developments in real estate.

Mortgage rates continue to fall to lowest rates in over a year
Last week saw 30 year fixed rate mortgages drop below 4%. Considering the average was 4.87% as recently as last November, there are great incentives for most buyers right now.
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Is the housing market correcting to a more sustainable place?
Watch the insights of Meghan McGarth of Buckingham Research and Skylar Olsen from Zillow on what's happening in the housing market.
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Home Building on The Rise
A gauge of home building across the U.S. increased in April, driven by an uptick in single-family construction across much of the country.
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Value of U.S. Homes Flipped in Early 2019 At Highest Rate For Nine Years
The 49,059 homes flipped in the first quarter of this year represent the highest home flipping rate since Q1 2010.
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Pending Home Sales in U.S. Jump 3.8% in March
According to the National Association of Realtors, pending home sales in the U.S. rose in March 2019, reversing course from a month prior.
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IPOs for Uber, others already boosting Bay Area housing market
A spate of IPOs from Lyft, Uber, Airbnb and others is already boosting demand in the Bay Area housing market, according to San Francisco Business Times.
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Best wishes
Dominic Nicoli