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Black Knight Says April Saw Largest Single-Month Increase in Delinquencies According Black Knight’s latest Mortgage Monitor, April saw the largest single-month increase in delinquencies on record, coming in at nearly 3 times the previous record in November, 2008.  Black Knight’s delinquency numbers include both homeowners past due on mortgage payments who are not in forbearance, […]

Why a rise in telecommuting may boost home sales in vacation spots What happens when jobs no longer have a fixed location because of the novel coronavirus? Read more on realestate.boston.com. The post Why a rise in telecommuting may boost home sales in vacation spots appeared first on Boston.com Real Estate.

CoreLogic Says 2021 Will See First Home Price Declines in 9 Years According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 5.4% (year over year) in April 2020 compared with April 2019 and increased month over month by 1.4% in April 2020 compared with March 2020.  However,

Amazon’s South Boston proposal is the latest in a string of industrial projects Amazon plans to convert aformer Blue Cross Blue Shield warehouse into a last-mile delivery hub. The post Amazon’s South Boston proposal is the latest in a string of industrial projects appeared first on Boston.com Real Estate.

Construction Spending Down 2.9% in April The U.S. government is reporting that total construction spending in April was at a seasonally adjusted annual rate of $ 1,346.2 billion, which is 2.9% higher than March’s revised estimate.  However, April’s figure was 3% higher than April, 2019.  Residential construction was at a seasonally adjusted annual rate of

The TikTok house wreaking havoc next door When a group of young men moved into a Bel Air mansion in January, some neighbors assumed they were tech entrepreneurs. Nope. The post The TikTok house wreaking havoc next door appeared first on Boston.com Real Estate.

ABODO: June Rent Prices are Flat National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in May was $ 1,097 with two-bedroom units coming in at $ 1,344.  They remind readers that pandemic’s effect on nationwide rental prices is still a moving target: “The long-term effects of COVID-19

How Are Consumers Spending Differently During Coronavirus Pandemic? How have consumer spending patterns changed during the Coronavirus pandemic? The folks over at the Visual Capitalist put together a deep dive into the credit & debit spending of American consumers over the past few months.  They point out that  in 2019, nearly 70% of U.S. GDP

Realtor.com’s 2020 Housing Market Predictions – Coronavirus Update The economists at Realtor.com recently revised their 2020 Housing Market Predictions to take the Coronavirus Pandemic into account. They issued their update in in Mid-May as a way to gauge the “ups and downs” of the housing markets as it finds its footing in response to the

Three Percent of Homes Facing Possible Foreclosure Are Sitting Vacant Around three percent of all homes in the process of foreclosure are Zombies (sitting empty), according to ATTOM Data’s latest Vacant Property and Zombie Foreclosure Report.  According to the report, there were just over 1.5 million residential properties in the U.S. are vacant, representing 1.5%