A report from the Toronto Sun in Canada. "In a scenario that is no doubt being replicated in major urban centres across Canada, sales of homes in Toronto dipped 68% in the first week of April while condo sales were…
Two reports from Housing Wire. "One thing that is clear, however, is that the mortgage lending landscape is vastly different in early April than it was in early March. Certain segments of the business – namely government, non-QM, and jumbo…
It's Friday desk clearing time for this blogger. "Some banks are offering borrowers a break, but it’s not really a break, Octavio Espinoza says. Espinoza: 'They can hold the payment up to 90 days, but at the end of the…
A report from the Huffington Post on Canada. "The COVID-19 pandemic has taken the steam entirely out of Toronto’s housing market, with home sales falling by 76 per cent in the week ending April 5, new data shows. In terms…
A report from the Oregonian. "'I’m still writing offers,' says real estate agent Adam Elliott. 'Motivated sellers are dropping prices and if you’re 100 percent sure you’re not losing your job, now is the right time to buy. Agents all…
A report from Bisnow. "The commercial real estate market is in limbo, with developers waiting to see if opportunities for low-interest rate refinancing and acquisitions bubble to the surface. But, the timeline for finding these opportunities in the post-COVID-19 landscape…
A report from the Daily Mail on New York. "A luxury New York skyscraper with apartments priced at as much as $59 million could be left empty as the coronavirus lockdown halts the construction industry. It is feared the slowdown…
A report from CNBC. "A broad coalition of mortgage and finance industry leaders on Saturday sent a plea to federal regulators, asking for desperately needed cash to keep the mortgage system running during the coronavirus pandemic, as requests from borrowers…
A report from The Real Deal on Florida. "With hundreds of Floridians losing their jobs on a daily basis and the economy on crutches, Florida Gov. Ron DeSantis suspended evictions and foreclosures for a period of 45 days. But experts…
A report from Macleans in Canada. "An unprecedented one million Canadians applied for unemployment insurance in just one week in March. Officials are bracing for four million applicants. We have moved with alarming speed past the question of whether Canada…