by Danseal | Apr 6, 2020 | Finance
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 […]
by Danseal | Apr 6, 2020 | Finance
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,...
by Danseal | Apr 3, 2020 | Finance
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...
by Danseal | Apr 2, 2020 | Finance
Millions of borrowers may be unable to pay their mortgages as the coronavirus continues to crush the U.S. economy. But there is a government back-up plan. The CARES Act just signed into law allows borrowers to skip payments for up to a year and then have those...
by Danseal | Apr 1, 2020 | Finance
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...
by Danseal | Apr 1, 2020 | Finance
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...
