Housing prices in major cities across the country could fall as a result of the pandemic. Drew Angerer / Getty Images The coronavirus pandemic has many Americans heading to the hills, or the suburbs, so to speak. And city home prices could decline as a result, says Nobel Prize-winning economist …
Read More »BoE Governor Warns Lenders About Challenges Of Negative Interest Rates
FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photo on the first day of his new role at the Central Bank of London, Britain, March 16, 2020. Tolga Akmen / Pool via REUTERS (Reuters) – Bank of England (BoE) Governor Andrew Bailey wrote a letter to lenders …
Read More »Amid strong job growth in June, signs of a US recovery.
(Reuters) – The US economic recovery, After two months of faster-than-expected job gains, may stumble as a surge in new coronavirus infections prompts states to delay and, in some cases, reverse plans to allow stores to reopen and activities to resume. FILE PHOTO: Hundreds of people line up in front …
Read More »Pending home sales had a historic rebound in May, meaning the worst may have already come for the property market
The counts: After two consecutive months of decline, the pending home sales index soared 44.3% in May compared to April, the National Association of Realtors said on Monday. The monthly increase was the largest since the National Association of Real Estate Agents began the index in January 2001. “This has …
Read More »From New York to Houston, flood risk for real estate centers increases
NEW YORK (Reuters) – The number of properties in the United States at risk of flooding this year is 70% higher than estimates from government data, according to research published Monday, with critical points at risk in Houston, New York, Los Angeles and Chicago FILE PHOTO: A New York police …
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