L.A. Apartment Rents Down 6% Since the Start of the Pandemic
In September alone, apartment rents in Los Angeles fell 1.1%, but the market did not make the top-ten list for largest rent drop.
Read More
Pandemic Means Winners and Losers Among Property Types
"Recessions create stress," write Cushman & Wakefield’s Kevin Thorpe and Ken McCarthy, who add, "If there was ever a recession that could cause stress, it is the COVID-19 Recession of 2020. Not only is it unlike any downturn we have seen before, but it already has the distinction of being the worst contraction in history."
Read More
Coronavirus Mortgage Bailouts Fall Below 3 Million For The First Time Since April
The number of mortgages whose payment requirements have been suspended because of the coronavirus plunged in the past week, as the first group of loans hit the end of their six-month term.
Read More
Areas at Highest Risk of a Foreclosure Surge
Americans could face as many as 1.4 million foreclosures if homeowners remain unable to make their mortgage payments. That is according to a recent report from Realtor.com.
Read More
'Perfect Storm' Hits Housing Market
It appears that the month of September and homebuying no longer go hand in hand. That is, based on intel from a new realtor.com report.
Read More
California Law Determines Who Has ‘First Dibs’ on Foreclosures
A new law in California will restrict anyone selling foreclosed homes from bundling them at auction for sale to a single buyer.
Read More
Headed for a 'Foreclosure Surge'
This has been a year full of unexpected developments and questions with no easy answers. As we enter the home stretch of 2020, many are speculating what the final months of the year will hold. A panel of real estate experts forecast what they anticipate for the final months of 2020, including a "substantial increase in foreclosures, short sales, and bank-owned properties" and more distressed property sales "as homeowners fall behind on their mortgages."
Read More
Home Sales Report Indicates Recovery Despite Recent Dip
A recent Redfin report indicates the new-homes market is on its way to recovery, but August saw a bit of a bump in the road.
Read More
The State of Americans’ Home Equity
The most recent of CoreLogic's quarterly reports on Americans' home equity shows that, nationwide, homeowners with mortgages (approximately 63% of all properties, according a 2016 American Community Survey) have experienced an equity increase of almost $620 billion since 2019's Q2. That is an increase of 6.6%, year over year.
Read More
COVID-19’s Impact on Homeowners vs. Renters
The coronavirus pandemic continues to wreak havoc on housing payments, as a new data study released by Clever Real Estate found nearly half of homeowners who missed mortgage payments this year reported being at least $2,000 behind on their mortgage while more than half are in a paycheck-to-paycheck lifestyle.
Read More
