As after the last crisis, fueled by ultra-cheap money, they’re taking financialization of the housing market to the next level.
New York City, San Francisco Bay Area are the big losers. The great 2020 exodus raises the question: Will the techies ever return?
Work-from-anywhere, unemployment, the land rush for houses, virus-fears about elevators, the oil bust: Big shifts for the fifth month in a row.
But the median price declined. Households paying for office space to work from home?
Small and large landlords, please share your experience in the comments so we can get a better feel of what is actually happening on the ground.
Big shifts underway — work-from-anywhere, unemployment crisis, oil bust, people searching for a cheaper place to live.
On one side: land rush by a few hundred thousand home buyers. On the other: millions of homeowners with delinquent mortgages. Here are the metros by FHA delinquency rate. Two exceed 27%.
Why is everyone suddenly trying to sell their home?
Includes mortgages already delinquent before they were swept under the big federal rug of extend-and-pretend forbearance programs.
Mortgage lobby throws hissy-fit over Fannie Mae’s & Freddie Mac’s new 0.5% “Adverse Market Refinance Fee,” which was a “result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty.”