The virus-induced recession has abruptly upended younger millennials (ages 24 to 29) from living on their own, have now moved back home, according to a new survey.
Lake Tahoe sees record property sales and rocketing prices amid the pandemic as Silicon Valley tech employees work remotely and families flee big cities for refuge in the mountains
Gov. Cuomo extends NY's eviction moratorium by 30 DAYS - one day after protesters stormed NYC offices of landlord attorneys demanding rent be canceled in the Big Apple
Life on the road....
Bank lending standards tightened so much in the second quarter, it is virtually impossible to get a loan. But since demand is also tumbling, who will notice?
Readers may recall the eviction moratorium expired a little more than a week ago nearly four months after the US economy effectively shut down due to the covid pandemic. 33% of renters have yet to make their full payment in July, a recent survey show
Listed for $1.25 million, the mostly defunct 40-acre town of Cleator, AZ, includes a functioning bar, general store, and 20 other structures--namely, the town's original homes.
Building and construction
It is a war not against a geographical location or a type of housing or community, but an attack on a way of life.
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the imminent collapse of the housing market alongside the global economy as eviction moratoriums are extended according to Kudlow.
After rebounds in new- and existing-home sales, pending home sales in June were expected to continue to surge (after screaming 44% higher MoM in May) and they did, rising 16.6% MoM (beating the 15.0% expectations) and sending the YoY sales number UP
The eviction moratorium expired last Friday nearly four months after the US economy effectively shutdown due to the covid pandemic, and more than 12 million renters - all behind on rent payments because of the virus-induced recession - are now at imm
More than three years ago, we explained why "the fate of the world economy is in the hands of China's housing bubble."
The Federal Housing Administration (FHA) was able to stop evictions of renters during the coronavirus pandemic.
'There is no point living in New York': Big Apple residents are snapping up properties upstate and driving up prices in the Hamptons by 21% to escape the city that has felt like a 'prison' during lockdown
"This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue."
There is a lot of discussion about the low levels of inventory for sale, as potential sellers have pulled their homes off the market or are not wanting to list their homes at the moment, waiting for the Pandemic to blow over...
More than one-third of New York rentals were discounted during the second quarter as demand continues to slump thanks to the economic effects of the COVID-19 pandemic - including the flood of workers telecommuting instead of vying for limited rental