Coronavirus

Though some sectors of the economy might be in for a more prolonged recovery after the coronavirus shutdown, the housing market in the South Bend, Ind., area appears poised for a quick rebound.

The number of loans going into coronavirus-related forbearance dropped, with the growth rate falling 7 basis points between June 8 and June 14, according to the Mortgage Bankers Association.

The delinquency rate at the end of May was the highest in over eight years, but that includes borrowers in forbearance plans.

Community associations have continued to take homeowners to court and initiate foreclosures during the economic crisis for delinquent dues

While home-buying season was on hold due to the coronavirus, a dearth in supply could hamper any big rebound in sales.

St. Louis officials approved using $5 million in federal tax credits to extend a loan to national low-income housing firm McCormack Baron Salazar, an unusual move the company said will help it weather the financial impact of the coronavirus pandemic.

JA wave of new homebuyers from the northeast and other parts of the country flooded the Hilton Head, S.C., real estate market over the past few weeks.

Compared with the week prior, approximately 57,000 fewer loans from all investor types were forborne.

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.

House listings in the Twin Cities metro during May were down nearly 25% compared with last year.

Potential sales last month rose compared with April as homes became more affordable due to low mortgage rates.

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.

The coronavirus put a dent in May's home sales and inventory, but some indicators offer hope for a turnaround on the horizon.

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.

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.

The report by Unison also advised investors to focus on "diversified residential real estate" over traditional retail and office spaces.

The number of homes sold in Central Florida sunk dramatically in May, an indication of the anxieties swirling around Orlando's previously booming market and the wide-reaching effects of the economic fallout caused by the coronavirus outbreak.

In the thick of the pandemic in Greater Hartford, home sales took it on the chin, falling nearly 13% in May, compared with a year ago, but sale prices held their own, rising slightly.

Credit unions have seen historic mortgage growth so far this year despite the pandemic, but there are concerns some institutions may be overly relying on refinancing and not focusing enough on generating new purchase business.

The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists.