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Global Commercial Property Investment Plummets 57 Percent in Q2

Global Commercial Property Investment Plummets 57 Percent in Q2

Much weaker commercial real estate investment volumes in the second quarter of 2020 reflect the impact of lockdown measures and border controls enacted to combat the COVID-19 crisis. Read More »


U.S. Condo Prices Dip in June, Sales Down 31 Percent Annually from Coronavirus

U.S. Condo Prices Dip in June, Sales Down 31 Percent Annually from Coronavirus

Redfin is reporting this week that condo sale prices in the U.S. dropped 1.4% year over year to a median of $252,000 in June 2020. Read More »

The Calm Before the Coming Coronavirus Foreclosure Storm in U.S.

The Calm Before the Coming Coronavirus Foreclosure Storm in U.S.

Record low 165,530 U.S. foreclosure filing recorded in first half of 2020, as 13 million evictions loom later this year. Down 44 percent from the same time period a year ago. Read More »

Pending Home Sales Spike 16 Percent in June

Pending Home Sales Spike 16 Percent in June

Pending home sales continued to ascend in June, 2020 sustaining two consecutive months of increases in contract activity. Each of the four major regions experienced growth in month-over-month pending home sales. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated August 3, 2020 9:00 AM ET

Los Angeles Property News

According to the National Association of Realtors, existing-home sales rebounded at a record pace in June 2020, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic.

The total number of U.S. loans now in forbearance decreased by 38 basis points from 8.18% of servicers' portfolio volume in the prior week to 7.80% as of July 12, 2020.

According to Freddie Mac's latest Primary Mortgage Market Survey for Mid-July 2020, the 30-year fixed-rate mortgage in the U.S. averaged 2.98 percent, the lowest rate in the survey's history dating back to 1971.

A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent in the U.S., the lowest rate in the survey's history dating back to 1971.

Zillow is reporting this week that a rush of high-end homes hit the U.S. market in June 2020, reversing a trend that saw them drop the farthest and fastest when the coronavirus pandemic hit earlier this year.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 3, 2020, U.S. mortgage applications increased 2.2 percent from one week earlier.

U.S. employers added a much-larger-than-expected 4.8 million workers to payrolls last month. The U.S. unemployment rate also fell to 11.1 percent.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 26, U.S. mortgage applications decreased 1.8 percent from one week earlier.

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020.

According to the National Association of Realtors, U.S. pending home sales mounted a record comeback in May 2020, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic.

The total number of U.S. loans now in forbearance decreased by 1 basis point from 8.48% of servicers' portfolio volume in the prior week to 8.47% as of June 21, 2020.

Redfin is reporting that a record 27% of home searchers looked to move to another U.S. metro area in April and May 2020.

According to Redfin, the impact of coronavirus shutdowns on homebuyer demand has been short and muted.

Single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May 2020 from a downwardly revised reading in April.

The total number of U.S. mortgage loans now in forbearance decreased - for the first time since the survey's inception in March 2020.

According to the National Association of Realtors, existing-home in the U.S. sales fell in May 2020, marking a three-month decline in sales as a result of the coronavirus outbreak.

Based on Zillow's latest May 2020 Real Estate Market Report, U.S. home values may decline in the second half of the year.


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