On October 26, 2021, S&P Dow Jones Indices released results for the Case-Shiller Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index covering the entire USA reported a 19.8% annual gain (appreciation) in August compared to August 2020. Read more…
Tag: COVID-19
Many states and local jurisdictions have imposed eviction prohibitions on landlords. In some locations, landlords cannot evict even if the tenant was far behind on rent before the COVID lockdowns and has an income as an essential worker. In some Read more…
The following article makes some real estate predictions for 2020 for Spokane. https://www.spokesman.com/stories/2020/may/31/will-the-spokane-housing-market-weather-the-storm-/ Nationwide, COVID-19 has affected housing markets due to economic uncertainty. In Spokane, more contracts are failing to close. Some buyers have lost their jobs, and lenders are Read more…
https://www.dailymail.co.uk/news/article-8315081/Coronavirus-UK-Homes-flood-market-desperate-owners-battle-sell.html The above article indicates that homes are flooding the market in the UK. This information can be used to make real estate predictions for 2020 that are unfavorable, at least in the UK. Their market is not necessarily the Read more…
https://www.scmp.com/comment/opinion/article/3077679/post-coronavirus-us-will-want-weaker-dollar-whether-world-likes-it Before COVID-19, President Trump was not a fan of the high U.S. dollar. He stated: As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate Read more…
If you haven’t heard already, it is harder to obtain financing for real estate purchases. Forbearance is being forced on banks. They are required to let borrowers skip mortgage payments. They can recoup the missing payments with interest later, but Read more…