Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Managing Credit Risk in 2021 and Beyond

Join a panel of industry experts as they provide an economic outlook for 2021 and a discussion with regional bankers on how they are managing credit risk over the next several years.

Amid record-high origination volumes, mortgage fraud risk is down

CoreLogic's recently released Mortgage Fraud Report is the industry standard for nationwide fraud monitoring and analysis. Read the findings here.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

Real Estate

Searches for “homes for sale” rebound 54%

Low-interest rates are attractive to prospective buyers

We know that apartment searches have rebounded, but now home searches have, too.

According to a study from LendingTree, Google searches for the term “homes for sale” have increased from their 2020 lows in each metro that was analyzed.

The average lowest search-interest value in 2020 for all 50 metros was about 56. By the end of April, that number grew by 54%, to 86.

“There are probably people who think there are going to be bargains in the marketplace,” LendingTree Chief Economist Tendayi Kapfidze said. “They might be anticipating that there will be fewer buyers competing because many people have had a disruption to their incomes or are uncertain about the outlook for their jobs. The low-interest rates also make it an attractive time.”

The metros that saw the largest increases in searches were Tucson, Arizona; Rochester, New York; and Jacksonville, Florida. These areas, on average, had search-interest values spike 126.57% from their 2020 lows, bringing their search-interest values up to 90, 81 and 100, respectively.

The smallest growth in searches was seen in Indianapolis, Louisville, Kentucky and Nashville, Tennessee. The popularity of the search term rose by 17.6% on average in those areas, with current search-interest values of 63, 65 and 78, respectively.

Month over month, Tucson, Arizona, New Orleans and Miami had the largest growth. Search-interest values in these metros grew an average of 84.46% from the end of March to the end of April, LendingTree said.

The smallest month-over-month gain was seen in Indianapolis, San Diego and Buffalo, New York. Coincidentally, Indianapolis is the only metro in this report to see a decline in search-interest values, as month over month search-interest value was down by 1.56%, from 64 to 63.

Leave a comment

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

5 tips for finding the right mortgage lender for you

Before shopping for a new home, you should shop around for the right mortgage lender. The type of mortgage you qualify for is just as important as the mortgage lender you work with.

Jan 20, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please