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Posts published in “Coronavirus”

Opendoor layoffs are a retreat, not a defeat

Opendoor announced it’s laying off 35 percent of its workforce. The move, designed to give Opendoor more runway, increases its chances of survival, but it…

Foreclosure activity continues to decline in March

Sixty-one percent of U.S. markets saw foreclosure activity drop below pre-recession levels last month, but the numbers come with “a huge caveat.” Source: Inman News

Banks get first grab at stimulus checks

Those checks of up to $1,200 for an individual and $500 per dependent were expected to assist landlords indirectly, enabling tenants — at least in…

Mortgage rates drop to 30-year low

The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began…