Latest Real Estate Economic Updates

Bankruptcy Filings Hit 15-Year Low

  • Mike Lembeck
  • 08 February 2021

January experienced the lowest monthly number of new bankruptcy filings across all chapters since February 2006 (26,617 filings) with only 32,298 filings, according to a press release from Epiq, a tec...

Is the Economy Stuck in Neutral?

  • Mike Lembeck
  • 08 February 2021

There’s a low demand for capital investment due to many factors, which has more or less neutralized the economy. In fact, the neutral rate of interest is at a historic low, and it doesn’t ...

California Home Sales and Prices Continue Rising

  • Mike Lembeck
  • 01 February 2021

Despite a myriad of obstacles stemming from two pandemic-induced lockdowns and a problematic economy that forced many residents and businesses to leave the state, California's housing market closed 2020 with a vibrant sales rate and a fifth record-high median price in December, according to new data published by the California Association of Realtors (CAR).

Navigating Foreclosures in the Face of a Pandemic

  • Mike Lembeck
  • 01 February 2021

The pandemic has impacted industries across the board, and the default servicing industry is right there in the thick of it all. It seems everywhere you look, new legislation is being rolled out which affects a secured creditor's right to proceed with a foreclosure action on a defaulted loan.

Report Shows Biggest Housing Market Gains in 15 Years

  • Mike Lembeck
  • 01 February 2021

A year ago — when COVID-19 was something happening somewhere else, the Millennial generation was aging into prime first-time home-buying age, and mortgage rates were at record lows — the housing market was poised for a robust 2021.