Home sales are likely to plummet, and take a while to come back. When will the market start up again? It will depend on which channel you watch. Excerpted from this article from Fox Business - hat tip GW:...
Virus
California Showings
The governor's stay-at-home order was issued on March 19th (red line), but showings had already been dropping steadily. Realtors were changed to essential workers on March 28th, but it doesn't look like agents rushed back to work. The weekly average improved from...
Coronavirus By Zip Code
Corona Cruise
As an essential worker on the street, let me bring you today's freeway report for those who stay at home. As usual these days, I did not interact with one human being on my trip:
“Wealth is the Vector.”
Rich people will get a lot of the blame..... “Wealth is the vector.” That’s what sociologist Tressie McMillan Cottom tweeted last week, in reference to the spread of COVID-19 across both the globe and the United States. Wealth is not the cause of every concentrated...
Mortgage Forbearance
Millions of borrowers may be unable to pay their mortgages as the coronavirus continues to crush the U.S. economy. But there is a government back-up plan. The CARES Act just signed into law allows borrowers to skip payments for up to a year and then have those...
Coronavirus Photos
John Prine
No no no not John. Anyone who ever thought about divorce should listen here:
Winstanley Report
This has to be the most Zillow views we've had on a listing during the first day on the market. Between the two copies of the video tour (one is non-branded), there have been 159 views. The house has been shown four times in person. Housing is essential for some....
California Lenders Defer Payments
Lenders won't report late payments to credit bureaus! Hat tip to Susie: SACRAMENTO – Governor Gavin Newsom today announced that financial institutions will provide major financial relief for millions of Californians suffering financially as a result of the COVID-19...