Could anyone had predicted one year ago that a major topic in Presidential debates and campaigns would revolve around mask-wearing? It has been that crazy of a year.
Fitch says that renters could relocate to more affordable suburban and Sunbelt markets as they seek more space.
In September, late payments for agency loans rose to 1.4% from 0.46% in August. Non-agency late payments rose from 1.83% in August to 2.78% in September.
Currently, multifamily mortgage delinquency levels are up only slightly from pre-pandemic levels for both affordable housing and market-rate housing loans in CMBS transactions.
Even as businesses begin to reopen, the unemployment rate remains a cause for concern among economists. That makes for much fiscal uncertainty.
When the White House made an announcement—by way of the Center for Disease Control and Prevention (CDC) and the Department of Health and Human Services (HHS)—that it would put a new conditional eviction ban in place, many housing-industry experts anticipated pushback from property owners. Then the court cases, such as a Virginia landlord's suit against the CDC, started to surface.
The housing markets most vulnerable to impacts from the Coronavirus pandemic tend to be located along the West Coast, clustered around New York, Baltimore, and Washington, D.C., and numerous markets in the Chicago area, according to a special report from ATTOM Data Solutions.
The share of mortgage loans that became delinquent in April outpaces anything seen during the Great Recession and is the highest rate on record in 21 years, according to CoreLogic’s data. During the month of April, 3.4% of mortgages went from current to 30 days past due, outpacing the 2% high recorded in late 2008.
Foreclosure filing have sagged to an all-time low in the first six months of the year, according to ATTOM Data Solution’s Midyear 2020 U.S. Foreclosure Market Report.
Redfin’s report on housing reveals that for the week ending on July 5, home sales rose once more. Specifically, home sales rose by 2% when compared to pre-pandemic home sales.
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