Author Archives: Lillian Dickerson

Northeast markets most susceptible to impacts of coronavirus

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Counties in the Northeast and Florida are at the greatest risk of taking the biggest hit to the housing market in the wake of the pandemic. Continue reading →

JP & Associates partners with Matterport to make virtual tours available to agents

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The partnership between the brokerage and the 3D virtual tour platform will give over 2,500 agents access to creating virtual tours. Continue reading →

Wells Fargo suspends jumbo mortgages as demand fades

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In an unpredictable market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans. Continue reading →

New York state clarifies: Home showings should only be virtual

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After confirming that home showings were “essential business” to New York Realtors on Wednesday, the ESDC clarified on Thursday that home showings should be conducted virtually. Continue reading →

Number of homes for sale declines 15.7% in March

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The market started to show a slow down in the second half of March as the coronavirus outbreak settled in, according to data from realtor.com and Redfin. Continue reading →

Market snapshot: California

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A ban on construction in the Bay Area, rent strikes in San Diego and new buildings left vacant in San Pedro all as real estate is deemed ‘essential’ across the state of California. Continue reading →

Home showings allowed to resume in New York: Gov. Andrew Cuomo

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Cuomo announced home showings would be allowed to resume, but the announcement has yet to be backed up with guidelines from the Empire State Development Corporation. Continue reading →

Foreclosure activity hits lowest point in 15 years

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There were a total of 48,004 properties with foreclosure filings in February 2020, the lowest number since Attom began tracking the data in April 2005. Continue reading →

Mortgage applications surge along with refis

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Mortgage applications activity increased by 15.3 percent and the refinance index increased 26 percent during the week ending March 27. Continue reading →

FHA and VA latest mortgage servicers to relax standards

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The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications. Continue reading →