These 30 US cities may be on the verge of a coronavirus pandemic-driven housing crisis
Areas where housing costs are high relative to income and where recent spikes in demand may have created local housing price bubbles may be at a greater risk of a COVID-19-driven crisis, as would areas that were already struggling prior to the coronavirus outbreak.
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There's a real chance that coronavirus could bring inflation to home prices and mortgage rates
A rise in inflation would lead to higher mortgage rates, along with lower rates of homeownership and fewer home sales, Yun says.
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Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever
Delinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills amid a wave of layoffs and lost income from the coronavirus pandemic.
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Low Mortgage Rates Benefit Home Buyers But Not Without Housing Market Repercussions
In a coronavirus-created environment of severe inventory shortages and rising prices, home shoppers do have one advantage in the form of extremely low interest rates. Yet, while propitious today, the latter bear repercussions for the U.S. housing market for years to come.
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More than 4 million homeowners skip mortgage payments amid coronavirus crisis
Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn't out of the woods yet.
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Counties file brief with U.S. Supreme Court case against governor
It called the classification "arbitrary and irrational" because a real estate agent "would be perfectly capable of carrying on a real estate practice with very limited client contact," such as "one to two customers visiting or viewing a vacant piece of real estate, while maintaining a six-foot distance, while wearing a mask, and while not touching.
"On the contrary, a title insurance company, closing a real estate transaction on the same type of property that the (agent) is prohibited from showing," is legally permitted to have people congregating in offices and coming into close contact with others, to finalize a real estate transaction.
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States Title raises $123 million to digitize real estate closings
States Title, which has quickly grown into one of the nation's largest title insurance and settlement services companies, announced Thursday that it has raised $123 million to continue digitizing real estate closings.
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Closings Go High and Low
Title companies are pulling out all the stops to get deals closed during the COVID-19 pandemic. But they say the best way to close - not just during the outbreak, but moving forward - is electronically. Specifically, title firms are backing what they call remote online notarization - RON, for short.
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