Financial pain perpetrated by the COVID-19 pandemic has been gentler than it otherwise could have been, according to a newly released research paper from the business schools of Columbia University, Northwestern University, Stanford University, and the University of Southern California, due largely to forbearance programs.
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Fannie Mae's Economic and Strategic Research (ESR) Group expects the U.S. economy to grow 5.3% in 2021, an upgraded forecast from the 4.5% reported last December.
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Two new housing industry forecasts are predicting continued increases in home sales and prices throughout 2021.
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California’s housing market closed out 2020 on a high note, recording solid sales and a fifth record-high median price in December, the California Association of Realtors (C.A.R.) reported on Friday. That bright note was achieved despite a global pandemic that lingered most of the year, two lockdowns and a struggling economy.
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The new era of pandemic-fueled remote work will continue to impact housing relocation trends in 2021, according to a survey published by Redfin.
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The number of mortgages in active forbearance this week decreased by 9,000, a 0.3% decline, according to new data published by Black Knight Inc.
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Rent Spree, a tenant screening service for real estate agents, property managers, and landlords, has released a housing study that reflects on and analyzes trends that emerged in real estate as a result of COVID-19.
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As businesses reopen and eviction moratoriums expire, the value-add investment model will rebound.
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The employment report for December 2020 showed a loss of 140,000 jobs in December, the first decline since April, according to Friday's Employment Situation Summary from the Bureau of Labor Statistics.
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As of December 29, 2.83 million (5.3% of) homeowners remain in COVID-19-related forbearance plans, according to Black Knight's McDash Flash Forbearance Tracker.
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Southern California Multifamily Owners Resource is designed to help Southern California multifamily property owners manage, buy, sell and exchange their multifamily properties and enjoy stronger cash flow and a higher return on their investments. Learn more at www.socalmor.com.
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