It's Friday desk clearing time for this blogger. "Hedge funds and mutual funds are among bond holders that could lose $2 billion as a consequence of U.S. lawmakers letting millions of homeowners delay their mortgage payments. At stake are so-called…
It's Friday desk clearing time for this blogger. "Not being able to pay rent is a big stressor as thousands of Washingtonians remain unemployed. It’s causing stress not only for tenants but also for small mom and pop landlords. 'My…
A report from ABC News in Australia. "Owners of units in Sydney's Opal Tower have launched legal action against the NSW Government after discovering more than 500 new defects in the beleaguered building. Apartment owner Andrew Neverly said he had…
It's Friday desk clearing time for this blogger. "Rising mortgage delinquency rates in Florida are raising fears that the coronavirus pandemic will lead to a foreclosure crisis as bad if not worse than the one that followed the 2008 housing…
A report from ABC News in Australia. "House prices are tipped to fall by 11 per cent over the next three years as the COVID-related economic downturn bites, and for one group of Australian homeowners, it could not come at…
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 few reports from Domain News in Australia. "If you were counting on a pre-approval to secure your new property, looking to refinance, or shopping for a home loan, things have changed in the wake of the coronavirus outbreak. 'Generally…
It's Friday desk clearing time for this blogger. "According to an ATTOM Data Solutions report buying a home is more affordable than renting in 53% of the U.S. housing markets. 'The current market here in Bakersfield for renters is a…
A report from News.com.au in Australia. "Deloitte Access Economics’ latest Business Outlook noted average dwelling prices in Sydney had risen by about $3000 per week in September. Melbourne experienced a bounce of about $2500 a week. Deloitte noted that 'Australia…
A report from Domain News in Australia. "Perth house prices have continued to tumble, falling 2 per cent to $528,200 in the June quarter, new figures show. The city’s median house price is now 14 per cent below its 2014…