Real Estate

Redfin Livestream for Thursday Afternoon: What We’ve Learned So Far Running a Brokerage During a Pandemic

At 1:45 p.m. Pacific Time Thursday, March 19, Redfin is broadcasting a live presentation followed by a question-and-answer session on what we’ve learned about running a brokerage during the coronavirus pandemic. The intended audience is the real estate industry, including agents, brokers and folks working at Multiple Listing Services (MLSs), but anyone is welcome to […]

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Update: COVID-19 Tests per Day

Tests per day is a key number to track (along with actual cases and, sadly, deaths). But total tests were a key for South Korea slowing the spread of COVID-19. South Korea has been conducting 15,000 tests per day with about one-fifth of the US population, so the US needs to test 70,000 to 100,000 […]

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Lawler: Early Read on Existing Home Sales in February; Lawler “I doubt anyone really cares”

From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.58 million in February , up 2.2% from January’s preliminary pace and up 3.7% from last […]

Investing

SteelPath March MLP update and news

In February, although the entire market was rocked by coronavirus worries, the master limited partnership (MLP) and energy infrastructure sector underperformed the S&P 500 Index.  However, midstream energy infrastructure company fundamentals may not be as bad as they seem.  As earning season wraps up, operating performance has been better than expected with EBITDA (earnings before […]

Tax

If small business uses £1 billion of the £330 billion government loan guarantee scheme I’ll be astonished – because it’s written so that they can’t get access to it

This is what the 40+ accredited lenders with their borrowing proposal. If the accredited lender can offer finance on normal commercial terms without the need to make use of the scheme, they will do so. Where the small Company has a sound borrowing proposal but insufficient security, the lender will consider the Company for support via […]

Real Estate

Middle-Class Affordability is Declining for Homebuyers in 70% of America’s Largest Cities

Bucking the trend, [block]0[/block], [block]1[/block] and [block]2[/block] all saw an increase in the share of affordable homes. More than two-thirds of the 53 biggest U.S. housing markets saw the share of homes affordable to the middle class decrease between 2014 and 2019, according to an analysis by Redfin. Affordable homes were more likely to be […]

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Comments on February Housing Starts

This was all pre-crisis.   This will change sharply soon, and housing starts will collapse for the duration of the crisis. Earlier: Housing Starts decreased to 1.599 Million Annual Rate in February Total housing starts in February were well above expectations and revisions to prior months were positive. The housing starts report showed starts were […]

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Wednesday: Housing Starts

Housing Starts is for February (pre-crisis), but the MBA purchase index is for last week – and might indicate if people have stopped buying. Tuesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Housing Starts for February. The consensus is […]