Real Estate Markets & Economy
61% of US markets saw foreclosure activity drop below pre-recession levels last month, but the numbers come with 'a huge caveat'
The National Association of Home Builders' Housing Market Index fell to 30, down from 72 points in March
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey
The real estate industry has so far secured 3.22% of the money being doled out as part of the pandemic-prompted Paycheck Protection Program
Patrick Stone, of WFG National Title Insurance Company, said Tuesday that home sales will likely be down in 2020, but overall, he's optimistic about an economic recovery from the current pandemic
There were only 52 new listings in Manhattan during the second week of April
Texas real estate saw a significant slowdown in market traffic once the COVID-19 pandemic arrived, but since then, indications of a rebound have emerged
Agents in Wisconsin are seeing a slow down during the pandemic. But they also said that inventory is so low that competition for homes remains fierce
'We expect delinquency rates to jump significantly throughout the year as the economic toll from COVID-19 becomes more evident,' CoreLogic President Frank Martell said
Opinion
No one can truly answer this question until we know how mortgage lenders and homeowners who have chosen forbearance will fare
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The Main Street Lending program will provide four-year loans to businesses with fewer than 10,000 employees
Real estate agents in markets where transactional activity has halted may be getting a little relief soon
A new report shows that what was poised to be 'the most competitive' spring market in years instead ended up with plummeting numbers of new listings
The ongoing coronavirus pandemic has left brokers more pessimistic than ever about the present, though they are more upbeat about the future
The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults
The average rate for a 30-year, fixed-rate mortgage is at an all-time low, but it could drop further if the economy stabilizes