Bloomberg, Nov. 18, 2020–Patrick ClarkThe Covid-19 pandemic has sent Americans searching for larger living spaces for the work-from-home era, accelerating demographic shifts to the suburbs and attracting new pools of …
Category: Top National News
Target Grabs Sales From Rivals Amid Pandemic
Wall Street Journal, Nov. 18, 2020–Sarah Nassauer (subscription)Target Corp. said sales rose steadily in its most recent quarter, as demand for household goods and home office supplies continued to grow …
Demystifying the Secondary Mortgage Market
Bankrate.com, Nov. 18, 2020–James RoyalThe secondary mortgage market is a massive marketplace of banks, investors and financial institutions that trades mortgages, servicing rights and mortgage-backed securities. While many homebuyers aren’t …
MBA Expects Purchase Originations to Break Records Next Year
Mortgage Professional America, Nov. 18, 2020–Candyd MendozaThe Mortgage Bankers Association predicted that purchase originations would continue their upward march next year, hitting a record $1.60 trillion in 2021. The outlook …
Mortgage Demand from Homebuyers Surges After Election Pause
CNBC, Nov. 18, 2020–Diana OlickMortgage applications to purchase a home rose 4% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was a decisive 26% higher …
How a Vaccine Could Upend Real Estate Markets — Again
CNN, Nov. 18, 2020–Anna BahneyIn just a matter of months the coronavirus pandemic dramatically changed the landscape of the housing market, especially in big cities. But now news of a …
The Mortgage Forbearance Rate Has Fallen Again, and That’s Good News
Motley Fool, Nov. 18, 2020–Maurie BackmanA dropping forbearance rate could mean more homeowners are able to keep up with their mortgage payments.https://www.fool.com/mortgages/2020/11/18/the-mortgage-forbearance-rate-has-fallen-again-and/
Economist: Businesses Brace for More Outbreaks; Commercial Real Estate’s Future Mixed
Daily Camera, Nov. 17, 2020–Dan MikaAs the world prepares for several more months before having wide access to a COVID-19 vaccine, the three main sectors of the commercial real estate …
Trump’s Controversial Fed Nominee Stalled after Senate Setback
The Hill, Nov. 17, 2020–Jordain Carney, Sylvan LaneJudy Shelton’s Federal Reserve Board nomination failed to advance on Tuesday after coronavirus-related quarantines sidelined some Republican senators and Vice President-elect Kamala Harris …
U.S. Retail Sales Lose Speed as Pandemic, Lack of Fiscal Stimulus Weigh
Reuters, Nov. 17, 2020–Lucia MutikaniU.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of …