Economy

Prices on average are expected to grow at nearly half the rate they were expected to rise before the pandemic hit, according to Veros Real Estate Solutions.

The government lock-down on real estate sales loosened last week — agents and other professionals were deemed essential workers — but strict Bay Area guidelines banned open houses and close contact.

The coronavirus relief legislation could result in private mortgage insurers having to hold more capital, a B. Riley FBR analyst report said.

Ocwen Financial has approximately $749 million of liquidity from various sources to deal with servicing issues arising from the coronavirus, a company press release said.

Nonbank mortgage employment estimates show payrolls in February leveled off after an unusually strong winter, but anecdotal reports of selective hiring persisted through March amid a broader coronavirus-related drop in U.S. jobs.

One day after the rent was due, all evictions and foreclosures in Florida were suspended for 45 days under a statewide order issued Thursday.

New York's Real estate agents, home inspectors and residential appraisers are now considered "essential employees," according to the Empire State Development agency.

Real estate listings are drying up, open houses have been canceled, and buyers are staying home. One more pillar of the Canadian economy is under threat from the coronavirus pandemic.

Bank employment of mortgage loan officers rose slightly last year, but that was before the coronavirus spread and resulted in social distancing measures that raised questions about broader employment prospects.

Simply stated, the federal forbearance of mortgage payments is perhaps the largest unfunded public mandate in American history.