A report from the Wall Street Journal. "Airbnb Inc. said it is slashing 1,900 jobs, or a quarter of its workforce, and cutting investments in noncore operations. Chief Executive Brian Chesky told employees about the cuts in a memo Tuesday,…
A report from Bloomberg on Canada. "Toronto home prices dropped in April as the coronavirus pandemic froze real-estate activity across the country. Sales in and around Canada’s largest city fell 66 per cent to 2,347 from March on seasonally adjusted…
A report from the Wall Street Journal. "Some sellers say they are hanging tough because they believe their homes aren’t moving because buyers haven’t viewed them in person or are reluctant to make offers right now, not because the asking…
From ABC News in Australia. "When Michael Neal found a house he wanted to buy in the Blue Mountains mid last year, he jumped on it. He purchased the home before selling the one he already owned. At that point…
A report from the Washington Post. "For 13 years, Danny Catalanotto paid the more than $2,000 mortgage on his Bowie, Md., home on time every month. When work as a church organist dried up in mid-March, Catalanotto says, he expected…
A report from the Columbia Missourian. "Local short-term rentals such as those offered on Airbnb have seen few or even no renters throughout Missouri and Boone County's stay-at-home order. The loss of income affects owners' ability to pay bills. Alyce…
A report from King 5 in Washington. "If you lost your job, you might be asking yourself what good a deferral does if you owe a large lump sum at the end of it. When Kathy Martin lost her job,…
It's Friday desk clearing time for this blogger. "Data from Redfin shows that jumbo loans have taken a big hit during the pandemic as mortgage servicers tighten their lending criteria – some lenders have even stopped issuing them altogether. Jumbo…
A report from the Washington Post. "Prospective home buyers and homeowners who want to refinance should anticipate more stringent documentation requirements, tighter credit standards and more limited choices for loans due to the quick financial downturn from the economic shutdown.…
A report from the Globe and Mail in Canada. "Sales in the Greater Toronto Area plunged 69 per cent in the first 17 days of April compared with the same period last year, according to the Toronto Regional Real Estate…