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.