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Coronavirus Lockdown Severely Felt by California's Housing Market

Coronavirus Lockdown Severely Felt by California's Housing Market

Based on recent data from the California Association of Realtors, California home sales dropped sharply in April 2020 from both the previous month and year as the housing market began to feel the full impact of the coronavirus outbreak and the state's stay-at-home order. Read More »


Rental Home Price Growth in U.S. Slowed to 5-Year Low From Coronavirus

Rental Home Price Growth in U.S. Slowed to 5-Year Low From Coronavirus

Home rental prices slowed more than they had in at least five years when the coronavirus pandemic hit. But the for-sale market continues to heat up after a slower early April. Read More »

1 in 5 Homes Sold in U.S. During April Were New Construction

1 in 5 Homes Sold in U.S. During April Were New Construction

Property broker Redfin is reporting this week that the number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date. Read More »

Driven by Coronavirus, Memorial Weekend Kicks Off

Driven by Coronavirus, Memorial Weekend Kicks Off "Homecation" Season in U.S.

In a new COVID-19 world we now find ourselves all living in, this Memorial Day weekend has become the unofficial start of 2020's new "homecation" season. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated May 27, 2020 9:00 AM ET

New York City Property News

After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation's hotels will benefit from what is expected to be a relatively rapid economic turnaround in 2021 and 2022.

1.07 million refinance mortgages secured by residential property (1 to 4 units) were originated in the first quarter of 2020 in the United States. That figure was down 16% from Q4 2019.

Existing-home sales dropped in April 2020, continuing what is now a two-month skid in sales brought on by the coronavirus pandemic.

The average sales price of a home (condominium, cooperative, and one-to-three family home) in New York City in Q1 2020 was $1.01 million, which remains flat year-over-year.

According to new data this week from The American Institute of Architects (AIA), demand for design services in April 2020 saw its steepest decline on record.

In a sign of the growing economic toll from the coronavirus pandemic, total housing starts decreased 30.2 percent in April 2020 to a seasonally adjusted annual rate of 891,000 units.

U.S. builder confidence in the market for newly-built single-family homes increased seven points to 37 in May 2020. The rise follows the largest single monthly decline in the history of the index in April 2020.

The total number of loans now in forbearance increased from 7.91% of servicers' portfolio volume in the prior week to 8.16% as of May 10, 2020. 4.1 million homeowners are now in forbearance plans.

Mortgage applications for new U.S. home purchases decreased 12 percent compared from a year ago.

45 percent of the zones saw median home prices rise by more than the national increase of 11.3 percent from the first quarter of 2019 to the first quarter of 2020.

Many U.S. restaurants are likely to reopen from widespread shutdowns at 50 percent pre-COVID-19 seating capacity amid efforts to adhere to social distancing practices and give confidence to cautious consumers.

NAIOP reports this week that it's NAIOP CRE Sentiment Index has dropped below 50 for the first time since its inception.

Driven by Coronavirus Remote Working Trends. A new Zillow survey suggests housing preferences could be upended in a post-pandemic America, leading to major questions about the future of dense metro cores.

As risk from the COVID-19 pandemic emerged in mid-March, commercial real estate lending markets began to navigate a period of price discovery.

Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020.

U.S. loans now in forbearance increased from 7.54% of servicers' portfolio volume in the prior week to 7.91% as of May 3, 2020, almost 4 million homeowners are now in forbearance plans.

New listings and home sales are seeing early signs of recovery in the U.S. housing market, even as some cities struggle to flatten the coronavirus curve.

The combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.


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