Good morning! Today is Tuesday, August 18. Democrats begin their virtual national political convention. California is facing the largest power outages in history. After two weeks of in-person classes, the University of North Carolina reverts to online remote learning after a Covid-19 outbreak.
And in mortgage and housing news …
NINE WEEKS: The number of US mortgages in forbearance dropped for the ninth straight week – with 3.6 million homeowners still pausing their loan payments during the coronavirus pandemic, the Mortgage Bankers Association announced.
LATE: The delinquency rate for home mortgages increased by nearly 4 percentage points during the second quarter as the Covid-19 pandemic fully took hold in the United States
HOTTEST HOUSING MARKETS: The top 10 hottest housing markets and the trends that are shaping the kind of properties being purchased.
SMALL BUSINESS LENDING: There was an encouraging rebound for small business loan approval rates for banks and non-bank lenders during July, according to the Biz2Credit Small Business Lending Index.
HOME PRICES: Single family home prices went up in 96 percent of metro areas in the second quarter of 2020.
COVID RELIEF: Almost three million homeowners may not qualify for COVID relief.
MULTIFAMILY MARKETING: Whether it’s spectacular views or open floor plans, apartments and condos are virtually showcasing their high points to potential buyers and tenants in a social distancing world.
INVESTMENT PROPERTY: What to look for in a single-family home investment property.
DC BOOMING: How the pandemic is boosting the Washington, D.C. housing market.
COMMERCIAL REAL ESTATE: Working from home is here to stay and it is changing the commercial real estate market.