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The coronavirus lockdown walloped California house sales in May, resulting in a 41.4% drop in transactions from the previous year, the California Association of Realtors reported.
June 19
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Potential sales last month rose compared with April as homes became more affordable due to low mortgage rates.
June 18
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Prices have continued to rise, although the pandemic closures have slowed that down: The region's median sales price last month was $257,048, up 1.6% from May 2019, according to Georgia MLS.
June 18
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Mortgage rates fell 8 basis points this week to a new low as the economy remains shaky and there are new flare ups of the coronavirus, according to Freddie Mac.
June 18
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The coronavirus put a dent in May's home sales and inventory, but some indicators offer hope for a turnaround on the horizon.
June 18
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The number of existing, single-family home sales that closed last month fell 51.1% compared with the same month last year and the median price dropped 2.5%, according to the California Association of Realtors.
June 18
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New Residential Investment Corp., fresh off a substantial first-quarter reduction of its asset holdings, is now planning to securitize the receivables on its $200 billion servicing portfolio of Fannie Mae-owned mortgages.
June 17
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Analysts think the company could be looking for an acquisition target.
June 17
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The language most frequently spoken by LEP consumers is Spanish, followed by Chinese, Vietnamese, Korean and Tagalog. The Federal Housing Finance Agency's online clearinghouse translates CARES Act forbearance information into these languages.
June 17
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The FHFA and FHA both announced for the second time that they were delaying the freeze to protect borrowers and renters during the coronavirus pandemic.
June 17
