A report from Better Dwelling in Canada. "Earlier this year, the Canada Mortgage and Housing Corporation (CMHC) warned first-time buyers that leaving just a 5% downpayment could be problematic. Now it appears that’s exactly what’s happening, with a typical condo…
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…
A report from the Georgia Straight in Canada. "Buyers of expensive homes appear to be getting good bargains. A Vancouver property sold recently at almost $5 million below its first listing price, according to market tracking by fisherly.com. The single-family…
A weekend topic starting with the Wall Street Journal. "Pension giant California Public Employees’ Retirement System is projecting malls will lose some of their value in the second quarter, according to an internal estimate. The investment chief of the Chicago…
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…
A report from the Globe and Mail in Canada. "The condominium market in Calgary remains mired in a lengthy slump that has resulted in falling prices and a growing glut of new units that are sitting empty. 'The condo sector’s…
A report from News 3 Las Vegas in Nevada. "Tom Blanchard, President of Las Vegas Realtors, dismisses any speculation that the Las Vegas real estate market is headed for a bubble. 'There is no bubble,' Blanchard said, 'We are still…
Two reports from the Wall Street Journal. "The pandemic has raised important questions about the future of New York City. Clues to the answers—or a way to bet on them—can be found daily in the price moves of four real-estate…
A report from Business in Vancouver in Canada. "Metro Vancouver’s condominium rental market – which involves approximately 69,000 units owned by investors is riding out the pandemic well, but tenants are increasingly taking over the driver’s seat. 'The condo rental…