Two reports from the Wall Street Journal. "The FTSE Nareit Equity Apartments index, which tracks the stock prices of publicly traded apartment landlords, is down more than 21% year to date. A big reason: Dramatic cuts in rents in coastal…
A report from the Star Advertiser in Hawaii. "Munro Murdock, Hawaii Legal Short-Term Rental Alliance (HILSTRA) president, said owners and operators across the isles are feeling the pain from delays in reopening Hawaii tourism through a pre-arrivals testing program. 'First…
It's Friday desk clearing time for this blogger. "Mortgage delinquencies showed their sharpest rise in the history of the Mortgage Bankers Association’s delinquency survey. 'There is no way to sugarcoat a 32.9 percent drop in GDP during the second quarter,'…
A report from the Los Angeles Times in California. "In downtown Los Angeles, rent for a 566-square-foot one-bedroom at the Eighth and Grand luxury apartments would have set you back at least $2,286 at the end of January, according to…
A report from Denverite in Colorado. "For the first time in a decade, rents went down in metro Denver. 'For rents to go down is unusual,' said Mark Williams, executive vice president of the Apartment Association of Metro Denver. He…
A report from The M Report. "The share of mortgage loans that became delinquent in April outpaces anything seen during the Great Recession and is the highest rate on record in 21 years, according to CoreLogic’s data. During the month…
A report from Inman News. "Delinquency rates across the United States soared in April — a change caused by the coronavirus outbreak that, experts warn, could spell trouble for months to come. According to CoreLogic, 6.1 percent of mortgages were…
A report from Yahoo Finance. "A potential housing crisis is on the way for millions of Americans whose mortgage and rent deferrals are about to sunset. 'There are millions of Americans now unemployed due to the pandemic with greatly reduced…
It's Friday desk clearing time for this blogger. "Credit tightening is becoming more evident according to the Mortgage Bankers Association. Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting explained. 'Mortgage credit supply dropped again in June, as…
A report from WBAL TV in Maryland. "Brian Coleman, a senior home loan consultant with Main Street Home Loans, said average mortgage and refinance rates are under 3%. 'It's helping people with their purchasing power -- you can afford a…