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…
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 Wall Street Journal. "Mark Calabria, who heads the Federal Housing Finance Agency, is resisting pleas for help from lenders seeking relief as millions of Americans stop payments on their home loans, sending tremors through the $11…
A report from Canadian Mortgage Trends. "Home sales in the Greater Toronto Area were down 69% year-over-year in the first 17 days of April, the Toronto Regional Real Estate Board reported in a mid-month update. 'For now, we have pencilled…
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…
A weekend topic starting with the Globe and Mail. "So who is paying for this massive wave of purchases by the Fed, the Bank of Canada and others? For now, nobody. Central banks are simply crediting themselves with the funds…
A report from Postmedia in Canada. "Calbridge Homes knows that people are still looking to buy right now. With the current climate of uncertainty, the builder has introduced two programs to help support people during this time. The Price Drop…
A report from 5280 in Colorado. "Well, Denver: It’s been quite a journey. Over the past decade, we’ve experienced what just might be the metro area’s most volatile period of growth ever and a record-setting real estate market. The ride…