A report from Money Wise. "Buyers in many parts of the country are diving full force into the housing market. '[Rates] are still incredibly low in people’s minds,' says Corey Burr, a real estate agent in Washington, D.C. Buyers feel…
A report from the Pittsburgh Business Journal in Pennsylvania. "New York-based King Penguin Opportunity Fund has defaulted on its $16.4 million mortgage for City Centre Tower, the biggest of three buys the firm made in downtown Pittsburgh. Martin Perry, a…
A report from Mortgage News Daily. "Extremely serious delinquencies, those loans 150 days or more past due, reached historically high levels in August. Corelogic said the rate of delinquencies among those loans spiked to 1.2 percent, the highest level since…
A weekend topic starting with DS News. "The share of online REO auction properties with competing bidders rose in the wake of the pandemic-induced economic crisis — similar to the trend in the retail market — but buyer competition at…
A report from Arlington Now in Virginia. "The numbers don’t lie, folks. In our Just Reduced world, where just months ago, there were a dozen (at the most) homes with reduced prices each week in Arlington County, we’re now seeing…
A report from the Record Eagle in Michigan. "Linda Witulski fell in love with Elk Rapids about 15 years ago on a vacation. She bought a home in the Lake Michigan shoreline village and turned it into a short-term rental…
A report from the New York Times. "The coronavirus has dealt a blow to the Manhattan real estate market unmatched in recent history, and the prospects of a near-term recovery remain unclear. The median sales price fell 17.7 percent, compared…
A report from Forbes on New York. "Landlords in New York City and across the country are offering more flexible rental options in response to demand from renters facing unclear economic futures. The number of listings for short-term or month-to-month…
A report from the Sacramento Bee in California. "As concerns of another economic downturn in the style of the housing market crash of 2007 or even the Great Depression nearly 90 years prior continue to swirl in the midst of…
A report from Yahoo Money. "With the jobless rate spiking into the double digits, more Americans may look to unlock the wealth tied up in their homes to get through the crisis. Problem is, banks won't give up the key.…