The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020.
According to the National Association of Realtors, U.S. pending home sales mounted a record comeback in May 2020, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic.
The total number of U.S. loans now in forbearance decreased by 1 basis point from 8.48% of servicers' portfolio volume in the prior week to 8.47% as of June 21, 2020.
Single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May 2020 from a downwardly revised reading in April.
The total number of U.S. mortgage loans now in forbearance decreased - for the first time since the survey's inception in March 2020.
According to the National Association of Realtors, existing-home in the U.S. sales fell in May 2020, marking a three-month decline in sales as a result of the coronavirus outbreak.
Commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of the first quarter of 2020.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 12, 2020, U.S. mortgage applications increased 8.0 percent from one week earlier.
In a sign that U.S. housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June 2020. Any reading above 50 indicates a positive market.
U.S. homeowners with mortgages have seen their equity increase by 6.5% year over year, representing a gain of $590 billion since Q1 2019.
This week NAIOP, the Commercial Real Estate Development Association, released its best practices for the safe return to the workplace in the wake of the COVID-19 nationwide shutdown.
According to the Mortgage Bankers Association, U.S. mortgage credit availability decreased nationwide in May 2020, based on data from their latest Mortgage Credit Availability Index (MCAI).
The Mortgage Bankers Association latest Forbearance Survey revealed this week that the total number of U.S. loans now in forbearance increased from 8.46% of servicers' portfolio volume in the prior week to 8.53% as of May 31, 2020.
The sudden and unexpected shift to remote work for millions of Americans has put a new premium on a quiet and comfortable place to work from home.