A report from the Oregonian. "'I’m still writing offers,' says real estate agent Adam Elliott. 'Motivated sellers are dropping prices and if you’re 100 percent sure you’re not losing your job, now is the right time to buy. Agents all…
A report from Bisnow. "The commercial real estate market is in limbo, with developers waiting to see if opportunities for low-interest rate refinancing and acquisitions bubble to the surface. But, the timeline for finding these opportunities in the post-COVID-19 landscape…
A report from the Daily Mail on New York. "A luxury New York skyscraper with apartments priced at as much as $59 million could be left empty as the coronavirus lockdown halts the construction industry. It is feared the slowdown…
A report from CNBC. "A broad coalition of mortgage and finance industry leaders on Saturday sent a plea to federal regulators, asking for desperately needed cash to keep the mortgage system running during the coronavirus pandemic, as requests from borrowers…
A report from The Real Deal on Florida. "With hundreds of Floridians losing their jobs on a daily basis and the economy on crutches, Florida Gov. Ron DeSantis suspended evictions and foreclosures for a period of 45 days. But experts…
A report from Macleans in Canada. "An unprecedented one million Canadians applied for unemployment insurance in just one week in March. Officials are bracing for four million applicants. We have moved with alarming speed past the question of whether Canada…
A report from Bisnow. "The COVID-19 pandemic is impacting the commercial real estate market in ways both large and small. Shares of real estate investment trusts have fallen 34% between February and March 16, which implies a 24% decline in…
A report from Bloomberg. "The market for mortgage-backed securities was in free fall, with fear running rampant and banks seizing collateral. That was last Saturday. In the week since, three top investors in the sector have engaged restructuring advisers, two…
A report from CNBC. "CNBC’s Jim Cramer on Friday delivered a dire message about the financial future. 'Home buying had been a real engine of the old economy. I’m betting these numbers collapse,' Cramer said. 'The whole housing cohort’s a…
It's Friday desk clearing time for this blogger. "Nonbank financial firms spent years lobbying against tougher regulation and stricter capital requirements, arguing that their emerging dominance in mortgage lending didn’t pose a risk to the financial system. Now, many of…