Two Months without Pay Pushes Food and Retail Workers to Spend 40% of their Annual Income on Rent
Renters working in food and retail industries could spend 40% of their annual income on housing costs if they are unable to work for two months.
Mortgage Rates Fall, Returning to Normal-ish Behavior — For Now
Mortgage rates fell notably over the last seven days, an otherwise wild stretch marked by one-day swings that would usually unfold over weeks or months.
February New Home Sales: High Water Mark
Early 2020 will come to be seen as a high-water mark in the U.S. housing market, with sales of new and existing homes riding a wave of positive momentum.
Early Data Point to U.S. Housing Slowdown in Coming Weeks
Initial data suggest housing was on solid footing prior to the U.S. coronavirus outbreak – but the strength of that foundation is being severely tested.
February Existing Home Sales: One Last Show of Strength
Existing home sales recorded their strongest release since February 2007 -- coincidentally, just before the last major economic drop-off.
Home Value Growth Accelerated in February, Ending a 21-Month Slowdown (February 2020 Market Report)
U.S. home values rose 3.9% annually in February, up from 3.8% in January. The typical home in the U.S. is now worth $247,084.
Mortgage Rates Jump, Driven by Market Volatility & Stress
Mortgage rates jumped sharply this week, driven by volatility and underlying stresses in the broader markets that weakened demand for government debt.
February Housing Starts: Calm Before the Storm
An upward revision to January data could indicate that builders were in a rush to get some projects off the ground before the coming coronavirus storm.
Information From Past Pandemics, And What We Can Learn: A Literature Review
In both the 1918 influenza and the 2003 SARS outbreaks, economic activity fell sharply during the epidemic but snapped back once it ended.
Mortgage Rates Move Up in Face of Robust Refi Demand
Somehow, some way, mortgage rates actually moved higher this week, touching their highest level in almost a month.
