Redfin, Seattle, said the housing market showed some early signs of recovery in May as inventory of homes for sale and contracts to buy homes both increased dramatically from April levels.
This week’s chart shows the course of the share of loans in forbearance by investor type over the past three months – from the earliest stages of the COVID-19 pandemic to the most recent reporting.
STRATMOR Group, Greenwood Village, Colo., said while the longer-term impact of the pandemic remains to be seen, the mortgage market has settled down, with most industry players appearing to have weathered the storm.
After suffering the greatest performance declines in U.S. history, the nation’s hotels will likely benefit from a relatively rapid economic turnaround in 2021 and 2022, said CBRE Hotels, Atlanta.
Interest rates hit record lows last week—but they were already low in May, said Ellie Mae, Pleasanton, Calif., resulting in steady refinancing volume.