Urban Institute, May 27, 2020–Jung Hyun Choi, John Walsh, Laurie GoodmanThe authors discuss discusses how rapid acceleration in low-priced homes has made it more expensive for low-income households to own …
Category: Top National News
Virus-Impacted Borrowers Missing Out on Today’s Record-Low Rates
Orange County Register, May 28, 2020–Jeff LazersonRates for a 30-year fixed mortgage just fell to all-time lows. But some COVID-impacted borrowers won’t be able to take advantage of today’s historically …
Pending Home Sales Plunge, but Housing Market Shows Signs of Recovery
Wall Street Journal, May 28, 2020–Nicole Friedman (subscription)Real-estate brokers, economists and some home buyers are looking beyond the pandemic-driven slump in home sales and seizing on signs that the housing …
COVID Causing Bifurcation in Commercial Real Estate, Terra Capital CEO Says
Bloomberg Markets, May 28, 2020 (video)Terra Capital Chief Executive Officer Vik Uppal says the COVID-19 pandemic has caused “massive” challenges in the commercial real estate market, noting there has not …
More Borrowers Using Home-Equity Loans for Renovations
Mortgage Professional America, May 28, 2020–Ryan SmithWith the coronavirus pandemic keeping Americans indoors, more homeowners are taking out home-equity loans in order to fund renovations, according to a new study …
White House Won’t Issue Economic Projections This Summer, Official Says
Wall Street Journal, May 28, 2020–Andrew Restuccia, Kate Davidson (subscription)The White House won’t issue updated economic projections this summer because of uncertainty caused by the coronavirus pandemic, according to a …
Mortgage Rates Hit All-Time Lows
Washington Post, May 28, 2020–Kathy OrtonWith mortgage rates tumbling to new lows, some are beginning to wonder just how far they will continue to fall. According to the latest data …
Should You Skip a Mortgage Payment During the Pandemic?
U.S. News and World Report, May 28, 2020Mortgage deferment and forbearance both allow you to put off mortgage payments, but the plans are structured differently, explains Sara Singhas, director of …
House Passes Bill to Grant Flexibility for Small Business Aid Program
The Hill, May 28, 2020–Cristina MarcosThe House on Thursday passed bipartisan legislation to provide struggling small businesses with more flexibility while using loans provided through the Paycheck Protection Program, in …
Commercial Buyer Pool Shrinking Faster than During Great Recession
Scotsman Guide, May 28, 2020–Arnie AurellanoWhile there’s reason to believe that the residential market may not see its buyer numbers shrink as much as previously feared, the same evidently can’t …