Number of homes for sale declines 15.7% in March
The market started to show a slow down in the second half of March as the coronavirus outbreak settled in, according to data from realtor.com and Redfin
Employment falls for first time in a decade, full picture yet to emerge
The real estate sector — which includes rental and leasing — lost 3,400 jobs in the first 2 weeks of March. The numbers don't reflect 10 million claims filed over the past 2 weeks
by Patrick Kearns Apr 3
Market snapshot: California
A ban on construction in the Bay Area, rent strikes in San Diego and new buildings left vacant in San Pedro all as real estate is deemed 'essential' across the state of California
Coming days will be 'a trying time' for real estate professionals
Thad Wong, co-founder of @properties, said during an Inman Town Hall Thursday that there may be short-term 'sheer havoc' in parts of the industry
by Jim Dalrymple II Apr 2
6.6 million filed for unemployment last week
Over the past 2 weeks, more than 10 million have filed for unemployment as more states take proactive measures against coronavirus
by Patrick Kearns Apr 2
Foreclosure activity hits lowest point in 15 years
There were a total of 48,004 properties with foreclosure filings in February 2020, the lowest number since Attom began tracking the data in April 2005
10 cities best prepared to weather a coronavirus-fueled economic storm
How cities, businesses and housing markets behave over the next 30 days as the coronavirus pandemic continues to spread will be crucial on the road to recovery
Fear and uncertainty is mutual among renters and landlords: Poll
A vast number of renters have lost their jobs during the pandemic, leading to 'fear far worse than expected,' according to a new survey of more than 2,700 landlords and 7,300 renters
by Jim Dalrymple II Apr 1
Mortgage applications surge along with refis
Mortgage application activity increased by 15.3%, and the refinance index increased 26% during the week ending March 27
New York developer with COVID-19 hopes for major post-pandemic upswing
'Once we get to the bottom of this pandemic, there is going to be such a pent-up demand to transact,' Sharif El-Gamal tells The Real Deal
The Empire State Building's new siren display is freaking people out
Meant to honor health and emergency workers amid the coronavirus crisis, the latest display of lights at New York City's most iconic property didn't land quite as expected
FHA and VA latest mortgage servicers to relax standards
The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications
by Lillian Dickerson Mar 31
Second stimulus package could roll back property tax deductions
House Speaker Nancy Pelosi is reportedly mulling a rollback of the state and local tax (SALT) deduction cap implemented by changes to the tax code under President Trump
by Patrick Kearns Mar 31
36% of homeshoppers believe the recession has already begun: Poll
A new survey by realtor.com reflects the stark contrast in homebuyer sentiment since the beginning of March with the coronavirus outbreak. Still, many homebuyers are undeterred
by Lillian Dickerson Mar 31
Home price gains extend into January — but virus looms large
Home prices rose 3.9% in January, but the data does not take into account the impact of the coronavirus pandemic, which didn't take hold in the US until late February
How to get a loan and save your business during the pandemic
The government is basically giving away free money. Most brokerages and agents should be able to take advantage of it
by Jim Dalrymple II Mar 30