Home sales in the Baltimore area plummeted in May, the steepest drop in a decade amid the pandemic, but record-low mortgage rates are pushing buyers into the housing market.
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The widespread protests that have followed George Floyd's death are, in part, a response to long-standing inequities in the Black community that the coronavirus has only exacerbated. Here's how Donnell Williams, president of the National Association of Real Estate Brokers, thinks the mortgage market can respond.
June 12 -
But deal sponsors are primarily restricting property assets to the lower risk multifamily and office buildings that lenders are more confident will weather the economic strains brought by the coronavirus pandemic.
June 12 -
The coronavirus pandemic brought more attention to the affordable housing issue and illuminated already vulnerable, low-income populations.
June 12 -
Home sales in the Baltimore area plummeted in May, the steepest drop in a decade amid the pandemic, but record-low mortgage rates are pushing buyers into the housing market.
June 12 -
Borrowers gained over $6 trillion in home equity since the Great Recession ended and the relative health of the housing market should stave off a coronavirus-induced collapse, according to CoreLogic.
June 11 -
The measures extended by the Federal Housing Finance Agency include alternative methods used for certain appraisals and for verification of employment.
June 11 -
The expected rise in refinance volume overrides pessimism about purchase activity for their businesses.
June 11 -
Home sales in the San Antonio area plunged 20% in May, the market's worst stretch since the onset of the coronavirus pandemic.
June 11 -
Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out.
June 11 -
As revenue-starved retailers fall further behind on rent payments, landlords' cash flow will be strained, and defaults on commercial real estate loans could rise.
June 10