Coronavirus is a big deal for real estate, but financial chiefs don’t think it’s a repeat of 2008. And some already see signs of improvement. …
Posts published in “Analysis”
After a coronavirus-induced standstill, the luxury real estate market in Palm Beach is showing the first signs of picking up. Source: Inman News
More than 33.5 million people have filed for unemployment since the outbreak exploded in early March, according to the U.S. Labor Department. Source: Inman News
Roughly one-quarter, or 26.5 percent, of the 54.7 million mortgaged homes in the U.S. were equity-rich in Q1 2020, according to Attom Data Solutions. Source:…
The coronavirus pandemic has resulted in lenders offering significantly lower average annual percentage rates to homebuyers and refinance borrowers. Source: Inman News
Although the stock market has been volatile for weeks and unemployment has continued to rise, home prices have been seemingly unaffected. Source: Inman News
Even as the coronavirus pandemic spread across the country, home prices in March were still at record highs — though the situation may soon change. …
Looking for a little clarity on this week’s news? Windermere Chief Economist Matthew Gardner looks at the data to determine the pros and cons of…