Home sales are taking longer



People who’re trying to sell their home during the COVID-19 pandemic are being warned they’ll need to be a bit more patient than usual, as the process is likely to take a little longer. That’s according to the latest realtor.com survey, which found that homes are taking an average of 15 days, or 27%, longer […]

Will the ‘homecation’ be part of the new normal?



This Memorial Day weekend could mark the start of “homecation” season, as Americans reconsider their summer vacation plans and, instead, come up with creative ways to vacation at home. A new survey from Zillow conducted by The Harris Poll found that 38% of Americans plan to spend more time at home this summer compared to […]

Non-eviction order leads to a rise in luxury home squatting



With landlords no longer able to evict tenants due to the COVID-19 pandemic, some tenants are taking advantage of the situation by squatting in some luxury, short-term rental homes. As a result, landlords say they’re missing out on thousands of dollars in rental payments. The problem is that some short-term tenants who rented properties just […]

U.S. companies plan a phased return to work



American firms are likely to take a gradual and cautious approach as they reopen their workplaces amid the COVID-19 pandemic, according to a new survey from commercial real estate company CBRE. Most companies will follow social distancing protocols and readjust their workplaces to ensure they can be implemented. Around half of the 203 companies surveyed […]

Zillow sees more listings of high-end homes



New listings of high-end homes dropped the farthest and fastest when the coronavirus pandemic hit the U.S., while affordable listings were less affected, a new Zillow analysis shows. But as new listings have increased in recent weeks in response to strong buyer demand, more high-end homes are coming onto the market than any other type. […]

Rental application fraud rises during COVID-19 pandemic



Rental application fraud has grown significantly since the COVID-19 crisis began, according to new data from real estate technology and fraud detection company Snappt. The company’s latest report shows that application fraud has increased by 9% month-over-month since the pandemic began, with many inflating their income to qualify for rentals, or else disguising the source […]

FHFA extends moratorium on foreclosures and evictions



The moratorium on foreclosures and evictions for Fannie Mae and Freddie Mac-sponsored mortgages has been extended until at least June 30, according to the Federal Housing Finance Agency. The FHFA said the moratorium, originally set to expire May 17, has been extended as the U.S. continues to suffer from the economic consequences of the COVID-19 […]

Fannie Mae & Freddie Mac to allow post-forbearance payments



Mortgage servicers Fannie Mae and Freddie Mac have said in a joint announcement that homeowners in forbearance will be able to request deferrals on their payments, and add any missed payments onto the end of their loan term without any penalty or additional interest. Forbearance simply gives homeowners who’re struggling to pay their mortgages a […]

Builders offer strong incentives for new home buyers



Home builders are trying to entice buyers by covering their closing costs, and offering discounts and free upgrades such as new appliances. The incentives are aimed at new homes and developments that are currently in the works. “Builders with standing inventory will seek to sell it as quickly as they can,” Robert Dietz, chief economist […]

Sellers holding buyers back as the country slowly reopens



Home buyers are still as enthusiastic as ever, rushing to view homes when and where they can despite the ongoing coronavirus pandemic. But cautious home sellers appear to be holding them back, CNBC reported this week. “We’ve had buyers ready, willing, and able, and the sellers have been the ones who have pulled their homes, […]