Cheap Money Fuels the COVID-19 Housing Recovery
According to Freddie Mac’s latest Primary Mortgage Market Survey for Mid-July 2020, the 30-year fixed-rate mortgage in the U.S. averaged 2.98 percent, the lowest rate in the […]
CRE: More Vacancies and Sublease Space and Greater Mortgage Delinquencies
The stubborn persistence of COVID-19 and the resultant Work From Home (WFH) practices are causing a growing number of companies to reduce their real estate […]
A Record Number of Americans are Considering Relocating, Says Redfin
A record 27 percent of home searchers are looking to move to another metro area in April and May 2020, according to a new report from Redfin, a […]
Mortgage Rates Hit Another All-Time Low
Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that […]
Manhattan Apartment Sales Drop to the Lowest Level in 30 Years
Manhattan apartment sales fell by 54% in Q2, the largest percentage decline in 30 years as the real estate lockdown and urban flight due to […]
COVID-19 Infects the Housing Market
Despite an improving unemployment picture and resilient home prices, there are growing signs that the COVID-19 pandemic is finally catching up with the housing market, […]
Homebuyers Rush to Capitalize on Historically Low Mortgage Rates
Historically low mortgage rates are enticing homebuyers across all parts of the U.S. to breath life in the housing market, amid a global pandemic and […]
Key Indicators Point to Growing Pessimism in Parts of the CRE Market
Two recent reports are pointing to increased pessimism in parts of the CRE market, especially in the office, retail and hospitality sectors. The pair of […]
Despite a Plunge in Sales, Home Prices Continue to Gain Strength
Home sellers have remained steadfast in their asking prices despite a dramatic drop in homes sales as a result of the Coronavirus pandemic, according to […]
New Mortgage Applications Down and Loan Forbearance Numbers Up, Says MBA
New Mortgage Applications Drop by 12 Percent from Last Year According to the most recent Mortgage Bankers Association Builder Application Survey data for April 2020, mortgage applications […]