National Association of Realtors – 2020 Weekly Housing Market Monitor

September 14th to September 17th

The National Association of Realtors just published the Weekly Housing Market Monitor for September 14th to September 17th.  The highly detailed report provides updated data on the housing market, mortgage forbearance programs and general economic conditions. 

According to this report, “The housing market continues to recover strongly, fueled by low mortgage rates. Contract signings during the past four weeks ended September 13 were up 23% from one year ago, a strong pace despite the slight decline from last week’s pace (26%) as we enter the Fall season.”

This report goes into detail regarding the year-over-year increase in home price growth with the Bridgeport – Stamford – Norwalk, CT leading the way at 29% followed by Atlantic City – Hammonton, NJ at 25%.  There a number of markets in Florida experiencing substantial gains.  These include:

  • Miami – Fort Lauderdale – West Palm Beach, FL:  18%
  • Tampa – St. Petersburg – Clearwater, FL: 14%
  • North Port – Sarasota – Bradenton, FL: 11%
  • Orlando – Kissimmee – Sanford, FL: 10%
  • Jacksonville, FL: 5%

Residential mortgage loans in forbearance continue to decline and are currently at 7.2% of overall mortgage loans.  Private label securities or those held in a portfolio are the highest at 10.43% with Fannie Mae / Freddie Mac being the lowest at 4.8%.

Click here to read the entire report for September 14th to September 17th.

About Quantum Realty Advisors, Inc.

Quantum Realty Advisors, Inc. is a family-owned, independent real estate brokerage and advisory firm that provides premium quality real estate services not only to traditional home buyers and sellers, but to business enterprises, trust and estate managers, asset management firms and several of the world’s best know financial institutions. 

We committed to changing your expectations of a real estate professional and have one simple principle: TO DO WHAT’S RIGHT BY OUR CLIENTS AND STRATEGIC PARTNERS.  With this principle in mind, we are creating a better client experience, providing the kind of service you may have thought did not exist in the real estate industry.

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