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 […]
Mortgage Rates Fall to a Historic Low
Mortgage rates fell to their lowest level since Freddie Mac started reporting this data in 1971, as the coronavirus shutdown continued to play havoc with […]
The Average Single Family Home Property Tax in 2019 was $3,561, Says ATTOM
The average property taxes of $3,561 for a single-family home in 2019 was up 2 percent from the average property tax of $3,498 in 2018, and the effective […]
New Home Listings Plunge as Pandemic Takes Hold
New listings across the U.S. have fallen off, down 27.1% year-over-year on April 5 as the coronavirus pandemic took hold, according to new research by […]
Coronavirus Real Estate Update #4: The Pain Starts Spreading
Local directives of Shelter-In-Place, Social Distancing and the mass closure of a vast array of businesses (restaurants, bars, malls, theatres, etc.) has resulted in 16 […]
Coronavirus Real Estate Update #3: Mortgage Lending in Crisis
Today there are two updates from the mortgage lending world related to the Coronavirus pandemic: Mortgage lenders are tightening lending rules, as well as a […]
Coronavirus to Accelerate Commercial Real Estate Trends, Says NAIOP
NAIOP, the Commercial Real Estate Development Association, issued a report forecasting that the coronavirus outbreak will accelerate trends that had been forming in commercial real […]
Coronavirus Real Estate Update #2
The coronavirus pandemic continues to impact all facets of life, including the real estate industry. In the first update, we covered policy decisions to halt […]