Coronavirus hits UK commercial real estate as retailers can’t pay rent

Coronavirus hits UK commercial real estate as retailers can’t pay rent

A pedestrian wearing a face mask as a precautionary measure against COVID-19, walks past closed-down shops on an empty Regent Street in London on April 2, 2020, as life in Britain continues during the nationwide lockdown to combat the novel coronavirus pandemic. TOLGA AKMEN The coronavirus pandemic is hitting U.K. commercial property hard, as retailers […]

Coronavirus halted Manhattan real estate sales in March

Coronavirus halted Manhattan real estate sales in March

Manhattan real estate sales ground to a halt at the end of March, and some industry experts say prices could fall 30% or more once activity resumes.Total sales volume actually increased 14% for the first three months of 2020, boosted by a strong January and February,...
Small landlords struggle as renters stop payments

Small landlords struggle as renters stop payments

Taylor Denchfield has been flipping homes since he was 17.Source: Taylor DenchfieldAs job losses climb into the millions due to the coronavirus pandemic, laid-off workers increasingly can’t make the rent. That’s also bad news for small landlords.Unlike...
Mortgage applications to buy a home plummet 24% annually

Mortgage applications to buy a home plummet 24% annually

The coronavirus appears to be splitting the mortgage market: More borrowers are refinancing to save money on monthly payments, while potential homebuyers are backing away fast. Driven entirely by refinancing, total mortgage application volume increased 15.3% last week...
Homebuilder ETF has worst month ever

Homebuilder ETF has worst month ever

Homebuilding stocks had a rough March.The iShares U.S. Home Construction ETF (ITB), which tracks the group, closed out its worst month ever on Tuesday with a more than 33% loss since Mar. 1, adding to a cacophony of gloomy statistics that included the Dow Jones...