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 Global News in Canada. "Data on Canada’s housing market have yet to reveal the full impact of the novel coronavirus pandemic. But market watchers say one group of homeowners looks especially vulnerable: over-leveraged residential landlords. 'You have…
A report from the Wall Street Journal. "A government effort to give Americans a break on their mortgage payments during the coronavirus pandemic hasn’t provided the relief many homeowners were hoping for. The stimulus package that Congress passed in March…
A report from Multi-Housing News. "Multi-Housing News talked to Brown Harris Stevens’ first CEO, Bess Freedman, about the luxury real estate market in the time of COVID-19. How was New York City’s luxury real estate market before COVID-19? Freedman: Before…
A report from Narcity in Canada. "Toronto's Regional Real Estate Board offered a glimpse into the housing market in April, and it's not all bad news. According to the report, Toronto housing prices actually dropped this month. Detached homes were…
A report from News 4 Jax in Florida. "The short-term rental market has been hit hard by the coronavirus pandemic. Short-term rentals are a big driver of tourism in St. Augustine, where a large number of homes have been converted…
A report from the Orange County Register. "Impac Mortgage temporarily shut lending operations and furloughed 333 workers due to market turmoil tied to the novel coronavirus. The Irvine-based company, one of the few non-traditional lenders that survived the mortgage collapse…
A report from CBC News in Canada. "There is nothing so bad that it does not end up helping someone is the old saying, and while the COVID-19 outbreak is bad for pretty well everyone, long-suffering renters may finally get…
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 Wharton. "Financially engineered collateralized loan obligations (CLOs) consisting of leveraged loans to highly indebted companies are today’s counterpart of the collateralized debt obligations (CDOs) of the last crisis, which contained subprime mortgage loans to highly indebted homeowners.…