We have a new real estate comedy hero 🙂 OK, “Johnny G” might not win America’s Got Talent but he sure looks like someone you would want to hang out with and maybe even list with! Enjoy 🙂
If you enjoyed this post, then you’ll definitely enjoy these other ‘Just for Fun’ posts!
Washington, D.C. – July 30, 2020 (PRNewswire) Fannie Mae (OTCQB: FNMA) today reported its second quarter 2020 financial results and filed its second quarter 2020 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended June 30, 2020. The following documents are now available on Fannie Mae’s web site at www.fanniemae.com.
Fannie Mae will host a conference call to discuss the company’s results today at 8:00 a.m., ET. Participants may join the conference call in listen-only mode in one of the following formats:
Listen-only webcast:
https://event.webcasts.com/starthere.jsp?ei=1343257&tp_key=38f0dc30d7
Click on the link above to attend the presentation from your laptop, tablet, or mobile device. Audio will stream through your selected device. If you have difficulty accessing the webcast, please click the “Listen by Phone” button on the webcast player and dial the number provided.
Listen-only phone line:
It is not necessary to dial into the audio conference unless you are unable to join the webcast via the URL above.
United States: 888-965-8995
Passcode: 45481956#
About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit: fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog
Media Contact
Pete Bakel
202-752-2034
Fannie Mae Newsroom
https://www.fanniemae.com/news
Photo of Fannie Mae
https://www.fanniemae.com/resources/img/about-fm/fm-building.tif
Fannie Mae Resource Center
1-800-2FANNIE
SOURCE Fannie Mae
– Data shows Northeast leads the nation’s housing recovery, hints at what’s to come for the South
– National median listing price now stands at a record $349,000
– Homes are now once again selling as fast as last year
– National inventory declines continued with inventory nearly one-third less than what it was last summer
Santa Clara – July 30, 2020 (PRNewswire) Accelerating price growth pushed home prices into uncharted territory in July with the national average median home price reaching nearly $350,000, while inventory continued to evaporate and homes sold in an average of 60 days — the same as last year — according to realtor.com®‘s July Monthly Housing Trends report. Following the nation’s COVID trajectory, markets in the Northeast outperformed other regions of the U.S. in nearly every housing metric.
National listing price growth continued as the summer homebuyer season was in full swing, increasing by 8.5 percent in July year-over-year. After prices stumbled in April, home prices have continued to accelerate each month since. July’s listing price growth of 8.5 percent marks the largest leap in median listing prices since November 2018 and equates to a $27,000 increase over last year.
Of the nation’s 50 largest metros, 48 saw year-over-year gains in median listing prices in July, up from 46 last month. Only two of the 50 largest metros saw prices decline in July: Miami-Fort Lauderdale-West Palm Beach, Fla. (-1.5 percent); and Orlando-Kissimmee-Sanford, Fla. (-0.9 percent) — both areas severely hit by COVID during June and July.
Nationally, homes are selling in an average of 60 days. This is a dramatic improvement over June when homes spent an additional 15 days on the market on average compared to the previous year.
“The Coronavirus has impacted every corner of the U.S., but it hasn’t hit every area equally or at the same time. The U.S. housing market performance is closely mirroring COVID’s path, which is providing clues into what we can expect for various housing markets in the months to come,” said realtor.com®‘ Chief Economist, Danielle Hale. “After being particularly hard hit in March and April, new Coronavirus cases remain stable in the Northeast and we’re seeing buyers return to the market in force. If this same trend follows in the South and Midwest — where outbreaks continue to rise, we could see a flurry of activity well into the fall, especially as schools delay their openings.”
Homes now selling faster than last year in the Northeast
Much of the days on market improvement is being driven from the Northeast, where properties are being scooped up six days faster than last year. Markets with the least time on market compared to last year included Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. (-13 days); Boston-Cambridge-Newton, Mass-N.H. (-12 days); and Hartford-West Hartford-East Hartford, Conn. (-12 days). At the same time, several large metro areas saw increases in time spent on the market, including Miami-Fort Lauderdale-West Palm Beach, FL (+24 days); Milwaukee-Waukesha-West Allis, WI (+8 days); and Los Angeles-Long Beach-Anaheim, CA (+8 days).
Inventory at all-time lows, but new listings trend improves compared to June
The number of homes for-sale across the U.S. was down 33 percent, or 440,000 listings, compared to a year ago. July’s inventory decline is an acceleration from June when listings declined by 27.4 percent.
Within the nation’s 50 largest metros, inventory declined by 34.8 percent year-over-year, an acceleration from June’s decline of 26.5 percent. In July, none of the 50 largest metros saw an inventory increase on a year-over-year basis and 45 of the 50 saw greater inventory declines than last month. Metros which saw the largest declines in inventory included Riverside-San Bernardino-Ontario, Calif. (-50.4 percent); Baltimore-Columbia-Towson, Md. (-48.7 percent); and Providence-Warwick, R.I.-Mass. (-47.4 percent).
New listings were down 13.4 percent year-over-year, a significant improvement over April, when new listings were down 44.1 percent. Much like price growth and days on market, the nation’s inventory recovery is being led by the Northeast where new listings were down only 1.2 percent year-over-year. Throughout the rest of the country, new listings were down 10.0 percent in the West, 16.1 percent in the South, and 20.8 percent in the Midwest.
Metros With Biggest Improvement to Time Spent on the Market
| Metro | Median Days on Market Y-Y | Median Days on Market | Median Listing Price | Median Listing Price YoY | New Listing Count YoY | Active Listing Count YoY |
| Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. | -13 | 46 | $340,000 | 18.5% | -10.0% | -44.5% |
| Boston-Cambridge-Newton, Mass.-N.H. | -12 | 37 | $675,050 | 12.5% | 13.9% | -31.0% |
| Hartford-West Hartford-East Hartford, Conn. | -12 | 43 | $299,050 | 5.9% | -2.0% | -29.4% |
| Virginia Beach-Norfolk-Newport News, Va.-N.C. | -12 | 44 | $331,995 | 10.7% | -8.6% | -41.3% |
| Washington-Arlington-Alexandria, DC-Va.-Md.-W. Va. | -11 | 32 | $529,995 | 11.6% | -12.2% | -42.4% |
| Baltimore-Columbia-Towson, Md. | -8 | 43 | $354,950 | 4.5% | -20.9% | -48.7% |
| Rochester, N.Y. | -7 | 29 | $249,950 | 8.7% | -7.5% | -36.3% |
| Raleigh, N.C. | -6 | 51 | $384,120 | 2.4% | -7.3% | -34.3% |
| Nashville-Davidson–Murfreesboro–Franklin, Tenn. | -6 | 31 | $389,995 | 3.7% | -9.3% | -21.6% |
| Phoenix-Mesa-Scottsdale, Ariz. | -5 | 50 | $411,615 | 6.6% | -10.2% | -44.8% |
| Austin-Round Rock, Texas | -5 | 45 | $392,273 | 7.5% | -5.5% | -34.0% |
| San Jose-Sunnyvale-Santa Clara, Calif. | -4 | 34 | $1,217,050 | 7.7% | 4.0% | -29.4% |
| Pittsburgh, Pa. | -4 | 56 | $249,950 | 25.0% | -9.8% | -32.5% |
| Jacksonville, Fla. | -4 | 66 | $319,338 | 1.0% | -19.8% | -28.7% |
| Seattle-Tacoma-Bellevue, Wash. | -3 | 35 | $629,925 | 4.1% | 1.8% | -27.5% |
| Columbus, Ohio | -3 | 38 | $332,000 | 4.6% | -24.4% | -43.4% |
| Cleveland-Elyria, Ohio | -3 | 52 | $235,050 | 13.5% | -25.5% | -47.0% |
| Memphis, Tenn.-Miss.-Ark. | -3 | 51 | $260,050 | 11.1% | -25.6% | -44.8% |
| Birmingham-Hoover, Ala. | -3 | 57 | $275,000 | 5.8% | -16.1% | -32.9% |
| Charlotte-Concord-Gastonia, N.C.-S.C. | -3 | 49 | $369,550 | 5.6% | -23.5% | -44.7% |
| Chicago-Naperville-Elgin, Ill.-Ind.-Wis. | -2 | 42 | $348,500 | 4.8% | -10.9% | -32.2% |
| Dallas-Fort Worth-Arlington, Texas | -2 | 47 | $359,750 | 1.8% | -16.8% | -35.8% |
| San Diego-Carlsbad, Calif. | -2 | 39 | $792,500 | 10.5% | -17.8% | -41.8% |
| Cincinnati, Ohio-Ky.-Ind. | -2 | 47 | $339,950 | 18.5% | -28.5% | -46.6% |
| San Francisco-Oakland-Hayward, Calif. | -2 | 34 | $1,054,210 | 15.3% | 3.7% | -14.2% |
| Providence-Warwick, R.I.-Mass. | -1 | 50 | $434,500 | 11.4% | -15.2% | -47.4% |
| Atlanta-Sandy Springs-Roswell, Ga. | -1 | 51 | $350,050 | 6.4% | -19.6% | -37.0% |
| Oklahoma City, Okla. | -1 | 46 | $284,329 | 11.3% | -26.1% | -31.9% |
| New York-Newark-Jersey City, N.Y.-N.J.-Pa. | -1 | 63 | $593,034 | 6.0% | 24.0% | -15.6% |
| Louisville/Jefferson County, Ky.-Ind. | -1 | 44 | $289,950 | 4.7% | -33.1% | -47.1% |
| Denver-Aurora-Lakewood, Colo. | 0 | 36 | $544,300 | 8.9% | -8.4% | -33.1% |
| Houston-The Woodlands-Sugar Land, Texas | 0 | 53 | $327,948 | 3.0% | -8.5% | -27.4% |
| Sacramento–Roseville–Arden-Arcade, Calif. | 0 | 41 | $525,050 | 5.2% | -22.5% | -43.5% |
| Indianapolis-Carmel-Anderson, Ind. | 0 | 49 | $302,550 | 3.7% | -26.1% | -42.0% |
| Riverside-San Bernardino-Ontario, Calif. | 1 | 54 | $450,000 | 7.4% | -23.2% | -50.4% |
| Buffalo-Cheektowaga-Niagara Falls, N.Y. | 1 | 39 | $242,450 | 10.2% | -0.7% | -37.0% |
| Tampa-St. Petersburg-Clearwater, Fla. | 1 | 59 | $298,050 | 5.3% | -16.9% | -37.1% |
| Minneapolis-St. Paul-Bloomington, Minn.-Wis. | 2 | 40 | $367,050 | 4.9% | -6.0% | -26.1% |
| Richmond, Va. | 2 | 53 | $357,450 | 7.5% | -24.5% | -37.0% |
| Detroit-Warren-Dearborn, Mich | 2 | 38 | $280,000 | 6.8% | -24.9% | -35.2% |
| Las Vegas-Henderson-Paradise, Nev. | 3 | 49 | $340,050 | 4.7% | -11.9% | -14.4% |
| Kansas City, Mo.-Kan. | 3 | 53 | $351,025 | 12.3% | -31.7% | -45.3% |
| St. Louis, Mo.-Ill. | 3 | 61 | $251,800 | 9.5% | -14.8% | -34.5% |
| New Orleans-Metairie, La. | 4 | 72 | $315,050 | 6.9% | -15.9% | -28.3% |
| Portland-Vancouver-Hillsboro, Ore.-Wash. | 4 | 45 | $499,950 | 5.3% | -15.5% | -41.4% |
| Orlando-Kissimmee-Sanford, Fla. | 5 | 63 | $320,050 | -0.9% | -3.7% | -17.2% |
| San Antonio-New Braunfels, Texas | 5 | 58 | $315,545 | 3.5% | -18.2% | -30.7% |
| Los Angeles-Long Beach-Anaheim, Calif. | 8 | 54 | $994,154 | 24.3% | -10.4% | -22.9% |
| Milwaukee-Waukesha-West Allis, Wis. | 8 | 47 | $362,450 | 3.7% | -25.9% | -38.1% |
| Miami-Fort Lauderdale-West Palm Beach, Fla. | 24 | 120 | $403,826 | -1.5% | -1.9% | -11.6% |
About realtor.com®
Realtor.com® makes buying, selling and living in homes easier and more rewarding for everyone. Realtor.com® pioneered the world of digital real estate 20 years ago, and today through its website and mobile apps is a trusted source for the information, tools and professional expertise that help people move confidently through every step of their home journey. Using proprietary data science and machine learning technology,realtor.com® pairs buyers and sellers with local agents in their market, helping take the guesswork out of buying and selling a home. For professionals,realtor.com® is a trusted provider of consumer connections and branding solutions that help them succeed in today’s on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visitrealtor.com®.
Media Contacts:
Cody Horvat, cody.horvat@move.com
SOURCE realtor.com