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.…
A report from Atlanta Agent Magazine in Georgia. "The country is much better positioned to rebound from the current recession than in the Great Recession, according to Lawrence Yun, chief economist for the National Association of Realtors. The housing shortage…
A report from The New Daily in Australia. "Property prices have fallen on a week-to-week basis for the first time since August, fuelling concerns the housing market is careening towards a catastrophic slowdown. CoreLogic analysis reveals growth in average house…
A report from Lancaster Online in Pennsylvania. "Shifting borrowing requirements, sudden job losses and state-ordered restrictions on real estate activity meant to limit the spread of COVID-19 in Pennsylvania have complicated — and in many cases halted — home sales…
A weekend topic starting with the Wall Street Journal. "More than 600,000 small businesses were created in Airbnb’s inaugural year, according to the U.S. Bureau of Labor Statistics. Half of them were out of business within five years. Only one-third…
A report from Market Watch. "The coronavirus pandemic has turned the $4.4 trillion U.S. commercial real estate finance market upside down. Moody’s analysts warned that property-level 'cash-flow stress, particularly across hotels and retail properties,' will trigger more defaults. In the…