According to global property consultant CBRE, there is a "flight to quality" playing out across 12 major U.S. markets as office-using companies adapt their workplaces for hybrid work.
Based on CoreLogic's latest monthly Loan Performance Insights Report for April 2021, 4.7% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 1.4-percentage point decrease in delinquency compared to April 2020
While that's down from a peak 118% year-over-year increase in September 2020, it's up significantly from a year ago and marks the eighth straight month of 80%-plus year-over-year growth.
The total number of loans now in forbearance decreased from 5.54% of servicers' portfolio volume in the prior week to 5.48% as of December 6, 2020. MBA's estimate, 2.7 million homeowners are in forbearance plans.
Florida Realtors are reporting that the sunshine state's housing market continued to be a bright spot for the state's economy in October 2020, even as the coronavirus pandemic showed no signs of easing.
Posted on September 29, 2020
Posted on February 11, 2020
Posted on August 29, 2019
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