Real Estate

A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images It’s not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into the housing market much faster than expected. Mortgage applications to purchase a home rose
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TOPLINE Mortgage delinquency rates nearly doubled and total delinquencies reportedly increased by 1.6 million in April, the largest single-month jump in history, though the majority are covered under Cares Act forbearance programs. CHICAGO, ILLINOIS – APRIL 30: A demonstrator calls on the governor to suspend rent and mortgage … [+] payments to help those who
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Boston Properties CEO Owen Thomas told CNBC on Thursday that working from home is not a long-term replacement for physical offices, arguing many of the coronavirus-related shifts in business will be temporary.  “The ability to mentor younger employees, the spontaneous collaboration and creativity that occurs, and also the culture that companies develop, it’s very difficult
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A mall security officer walks while wearing a protective mask during the coronavirus pandemic on May 17, 2020 in Castaic, California. Robin L Marshall | Getty Images The economic effects of the coronavirus outbreak continue to roil real estate markets, but properties owned by real estate investment trusts (REITs) are still getting most of their
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Many businesses are likely now considering whether some of their operations need to return to the … [+] workspace at all. Getty How might buyer and seller priorities change post-COVID? It’s an interesting question with potentially widespread implications for the housing market as many homeowners and prospective buyers start to revaluate both what they want,
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A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York. Scott Mlyn | CNBC The average rate on the popular 30-year fixed mortgage just fell to 3.09%, a record low, according to Mortgage News Daily. A weaker-than-expected read on April’s coronavirus-affected retail sales released Friday contributed to
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