A report from the San Francisco Chronicle in California. "The cost of renting an apartment in the Bay Area plummeted in May, as layoffs and the increased flexibility of working from home drove a double-digit drop in some of the…
It's Friday desk clearing time for this blogger. "Founded in 2017 by CEO Yifan Zhang and cofounder Adam Stelle after she realized she could cover her mortgage by renting a room in her Seattle house on Airbnb, Loftium was expanding…
A report from AFN News Services. "There’s good news and bad news for homebuyers and sellers in the pandemic’s wake, according to Realtor.com. 'While many cash-strapped buyers have eagerly anticipated prices falling, triggering a real estate bonanza similar to the…
A report from Capital and Main. "On a normal day, Marcella Nolan would be flashing her smile in the aisles of a Restaurant Depot, giving away samples and drumming up sales for the food brokers who hire her as an…
A report from the Chicago Tribune in Illinois. "'We definitely had a slowdown,' said Megan McCleary, a real estate broker with Berkshire Hathaway HomeServices in Hinsdale. 'Normally, I would have five buyers at this time,' said Debi Myslicki, a real…
A report from the Associated Press on Utah. "Evidence from Utah home listings suggests some homeowners are pulling back. A few are panic selling — while would-be buyers begin to feel tightening credit, with more hurdles to jump to get…
It's Friday desk clearing time for this blogger. "'I've definitely seen deals in escrow when this hit, where the buyer came to the seller and said 'I'm still willing to move forward, but with this news and health crisis and…
A report from Bloomberg. "Fannie Mae and Freddie Mac’s regulator is confronting a fresh crisis for the U.S. housing market: The companies won’t buy recently issued loans that were made to borrowers who already can’t afford their monthly payments because…
A report from Mortgage Professional America. "In a recent report that examines county-level housing markets and their vulnerability to the impact of the coronavirus pandemic, Attom Data Solutions found that 24 of the 50 most at-risk markets are in New…
A report from the Berkeley Newsroom. "Berkeley Haas Professors Nancy Wallace and Richard Stanton were some of the few voices to forewarn of the massive risk posed by shoddy practices in the mortgage industry prior to the 2008 financial crisis.…