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Sales slowed in March before most states were under stay-at-home orders, suggesting even slower sales activity will be reflected in the data in future months.
The housing sector is going through a major upheaval because of the coronavirus, but that won’t necessarily translate to lower mortgage rates.
‘Low-income renters, especially those who lose employment during the crisis, will have a hard time paying back rent.’
Only 8% of homeowners in San Francisco would be able to cover their monthly mortgage payment with the amount they receive in their stimulus checks.
Nearly a third of American tenants missed their April rent payments
Housing starts and building permitting activity are still occurring at a faster pace than a year ago.
The index from the National Association of Home Builders posted its largest monthly decline ever in April.
These are the questions to ask if you apply for mortgage assistance.
Almost half of Republicans say COVID-19 is not a major financial threat, according to a new Pew Research Center survey.
‘There’s just no way anybody could have enough capital set aside to handle the kind of payments that servicers could have to make.’
Having a high number of coronavirus cases doesn’t necessarily make a housing market more likely to be impacted by the disease outbreak.
Given the volatility of mortgage rates in recent weeks, time is of the essence for those looking to secure cheap home financing.
Sellers appear to be holding off on listing their homes for sale in anticipation of less buyer traffic during the normally busy spring home-buying season.
Federal Housing Finance Agency Director Mark Calabria told CNBC that ‘it is certainly possible’ the number of delinquencies caused by the coronavirus outbreak could exceed the subprime mortgage crisis in some segments of t...
It will be months before the index reflects the impact of the coronavirus pandemic.
Before the coronavirus outbreak worsened in the U.S., every region in the country saw gains in contract signings for home purchases.
The rollercoaster ride for mortgage rates these last few weeks is expected to continue.
The deferral program is intended to help mortgage borrowers who face a short-term hardship.
Mom-and-pop landlords own nearly half of all rental units nationwide.
Sales volume is expected to slow significantly in the months ahead as a result of the coronavirus pandemic.