Tag Archives: Markets & Economy

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 →

88% of Coldwell Banker agents impacted by the pandemic

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A survey conducted by the Realogy-owned brand hints at how widespread the economic turmoil from the pandemic is becoming. 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 →

Employment falls for first time in a decade, full picture yet to emerge

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The real estate sector lost 3,400 jobs in the first two weeks of March. The numbers don’t reflect 10 million claims filed over the past two weeks. 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 →

Coming days will be ‘a trying time’ for real estate professionals

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Thad Wong, co-founder of @properties, said during an Inman Town Hall Thursday that there may be ‘sheer havoc’ in the short-term. 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 →

10 cities best prepared to weather a coronavirus-fueled economic storm

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How cities, businesses and housing markets behave over the next 30 days as the pandemic continues to spread will be crucial on the road to recovery. Continue reading →