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Featured News, US Real Estate

23 million Americans at risk of eviction

By Mike Wheatley | July 16, 2020
With many federal unemployment benefits introduced in the wake of the coronavirus pandemic set to expire at the end of the month, it’s feared that millions of Americans could face eviction from their homes. HousingWire reports that almost 44 million Americans have filed for unemployment since mid-March, when the pandemic began. And with 110 million […]
Commercial Real Estate

New York mandates HEPA filters in shopping malls

By Mike Wheatley | July 5, 2020
Businesses in New York City are likely going to need to upgrade their air conditioning systems in order to stop the spread of COVID-19 if they’re going to reopen, reports say. This week, New York state Governor Andrew Cuomo said that the state will require malls in the city to install “high quality” air systems […]
Home Buying, US Real Estate

Sellers holding buyers back as the country slowly reopens

By Mike Wheatley | May 14, 2020
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, […]
Mortgage, US Real Estate

Federal Reserve says it won't raise key interest rate

By Mike Wheatley | May 3, 2020
The Federal Reserve this week voted to maintain its benchmark interest rate unchanged at near zero, showing it has no interest in reversing course anytime soon, most likely due to the coronavirus pandemic. The Fed’s benchmark rate doesn’t directly impact mortgage rates, but it normally does influence them, so the decision is a key one […]
US Real Estate

How Coronavirus is Impacting the U.S. Rental Market

By Eric Jeanette | April 22, 2020
Just a few short weeks ago the economy was breaking records, the Dow was nearing 30,000, unemployment was at record lows, and the price of oil was at $50 - $60 per bbl. trading range. The coronavirus was in China, and the WHO, the CDC plus many U.S. government officials stated that the risk of […]
Mortgage

Experts warn against blindly accepting mortgage forbearance

By Mike Wheatley | April 21, 2020
Left unable to work due to the coronavirus pandemic, around 2 million American homeowners have sought to apply for mortgage forbearance from their providers. But experts warn that they should look closely at the terms they’re offering, or they could be in for a nasty shock in the months to come. The problem is that […]
Home Sales, Zillow

Zillow: New listings fall sharply due to coronavirus

By Mike Wheatley | April 18, 2020
Early spring is peak home-shopping season in most years, a time when sellers list homes on the market in droves hoping to take advantage of the increased competition from buyers shaking off the winter doldrums. But a new Zillow analysis shows that new listings dropped significantly this March and early April as the coronavirus pandemic […]
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