Policymakers have gone to great lengths to provide servicers and borrowers the tools they need to bring about a successful resolution in the vast majority of cases. I hope that policymakers will continue to allow servicers to do what they do best – help their customers.
The Conference Board, New York, said its Leading Economic Index for the U.S. increased by 0.9 percent in October to 118.3, following an 0.1 percent increase in September and an 0.7 percent increase in August.
Sometime very soon, initial claims for unemployment insurance are going to fall below 256,000—the figure from March 2020, just before the full effects of the coronavirus pandemic blindsided the U.S. economy. It’s just not happening this week.
It’s mid-November, which means it’s also time for 2022 forecasts. Redfin, Seattle, never shy, says the new year will bring more balance to the housing market. However, don't expect a buyer's market—just more selection, less frenzy and slower price growth.
Real Capital Analytics, New York, reported most commercial real estate types posted double-digit annual price growth in October.