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Current news on the housing market, including articles on home trends, home buying, home selling, and homeowner advice.

https://www.msn.com/en-us/money/realestate/mortgage-rates-hang-near-record-lows-and-offer-more-dirt-cheap-deals/ar-BB1awmpw

‘Already, more new homes have sold in 2020 than did in all of 2019,’ one economist said

Homeowners are asking for breaks on their mortgage payments in droves, as millions of Americans face the prospect of unemployment or reduced income because of the coronanvirus pandemic. But requesting forbearance on your mortgage isn’t foolproof.

If you’re thinking about getting a mortgage, you might be concerned that mortgage interest rates may creep up in August after falling steeply since the start of the pandemic. The good news is experts expect rates to stay at or near historic lows in August 2020.

At a two-hour open house Saturday in Atlanta, about seven mostly masked families toured a 6-bedroom, 6-bathroom newly built home priced at just over $3 million. Noah Graubart and his wife were looking for something close to their children's new elementary school. 

Sales of newly built, single-family homes decreased 0.7% to a seasonally adjusted annual rate of 701,000 units in September off a downwardly revised reading in August, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.