Mortgage Roundup (11/17/20) – Rent, Airbnb & NYC

Good morning! Today is Tuesday, November 17. Southwest Airlines is encouraging people to fly now, because waiting for Covid to subside will be “far too long.” Tesla will join the S&P 500 index on Dec. 21. The second hurricane in two weeks slammed into Central America. 

And in mortgage and housing news …

AFFORDABLE RENT: More tenants in affordable housing made payments in October than in any month since early in the pandemic, according to a report released Monday by MRI Software.

FORBEARANCE NUMBERS: The number of U.S. mortgages in forbearance dropped for the 11th week in a row, with 2.7 million homeowners still pausing their mortgage payments during the Covid-19 pandemic, the Mortgage Bankers Association announced.

AIRBNB IPO: Airbnb unveiled paperwork for its initial public offering, showing the home-sharing giant turned a profit in the third quarter after the coronavirus pandemic forced it to overhaul its business and shed costs.

MANHATTAN RENT: Things have not been this good for renters in Manhattan since the financial crisis in 2008

REAL ESTATE READS: Here are 15 of the best real estate investing books, based on Amazon ranking and customer reviews.

PRICE OF INEQUITY: Racial housing inequality is exacting an economic price that has cost nearly 800,000 jobs, according to a Morgan Stanley analysis

ROCKET RAMS: Rocket Mortgage signs on as official mortgage partner of the LA Rams.

ESSENTIAL SERVICE: As some states reinstitute stay-at-home orders, REALTOR® associations are reminding their state governments why real estate is essential during the COVID-19 pandemic.

NYC REAL ESTATE: Long Island home prices jump, as buyers face limited supply. 

URBAN RECOVERY: In recovering urban areas, homeownership makes all the difference.

LENDER EMPLOYMENT: Fired bankers’ job prospects fade as firms cut costs.  

DIGITAL HOME TOURS: 3-D home tours are growing in popularity. Here’s how they work.