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  • Thu, Sep 10 2020
  • 2:18 PM » Manhattan rental market plunges, leaving 15,000 empty apartments in August
    Published Thu, Sep 10 2020 2:18 PM by CNBC
    Hopes for a rebound in the fall or the end of 2020 look increasingly unlikely. Although rental prices have come down, the discounts are not steep enough yet to lure new renters back to the city.
  • 2:00 PM » At least 19 states start paying the extra $300 weekly unemployment benefit
    Published Thu, Sep 10 2020 2:00 PM by CNBC
    Roughly a third of states have started issuing aid to jobless workers through the Lost Wages Assistance program, more than a month after a $600 federal supplement to unemployment benefits expired.
  • 1:54 PM » Pandemic Financially Imperils Nearly Half of American Households, Poll Finds
    Published Thu, Sep 10 2020 1:54 PM by www.npr.org
    There are dividing lines when it comes to how families are weathering the pandemic: Those living in big cities, those making less than $100,000 a year, and Latino and Black families are faring worst.
  • 1:53 PM » Houston Real Estate in August: Sales Up 7% YoY, Inventory Down 23% YoY
    Published Thu, Sep 10 2020 1:53 PM by Calculated Risk Blog
    From the HAR: Houston Real Estate Registers Another Strong Performance in August Following a July that vaulted Houston real estate into the record books, August proved to be another healthy month for home sales despite the lingering coronavirus pandemic. The high end of the market staged the strongest performance, pulling up overall pricing along the way. However, with a decline in the number of listings for sale coming on the market, inventory has now fallen to its lowest level in five years, setting the stage for moderating sales in the weeks ahead despite historically low interest rates. According to the latest Houston Association of Realtors (HAR) Market Update, 9,195 single-family homes sold in August compared to 8,673 a year earlier. That accounted for a 6.0 percent increase and marked the third consecutive month of positive sales. ... Sales of all property types totaled 11,121 - up 7.3 percent from August 2019 . Total dollar volume for the month increased 13.4 percent to $3.5 billion. After strong consumer interest in July, the lease market retreated in August, with declines in both the single-family and townhouse/condo markets. emphasis added Inventory declined 23.0% year-over-year from 44,369 in August 2019 to 34,181 in August 2020. Note that the closed sales in August were for contracts that were mostly signed in June and July.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:45 AM » The CDC banned evictions, but some renters are still vulnerable
    Published Thu, Sep 10 2020 9:45 AM by CNBC
    The Centers for Disease Control and Prevention has made it illegal for landlords across the U.S. to evict tenants who can't afford to pay their rent. But housing advocates say the measure is incomplete and still leaves renters at risk of losing their homes.
  • 8:36 AM » U.S. weekly jobless claims total 884,000, vs 850,000 expected
    Published Thu, Sep 10 2020 8:36 AM by CNBC
    First-time filings for unemployment claims were expected to total 850,000 last week, according to economists surveyed by Dow Jones.
  • 8:05 AM » European Central Bank keeps rates and stimulus program unchanged, despite stronger euro
    Published Thu, Sep 10 2020 8:05 AM by CNBC
    The European Central Bank announced Thursday it was keeping its interest rates and coronavirus-stimulus program unchanged.
  • 8:04 AM » Refinance Poised for Further Rate Declines
    Published Thu, Sep 10 2020 8:04 AM by eyeonhousing.org
    The latest results from the Mortgage Bankers Association's (MBA) Weekly Application Survey for the week ending September 4 show an increase of 2.9% in the Market Composite Index from the previous week on a seasonally adjusted basis. Purchasing and refinancing activity increased from the previous week by 2.6% and 3%, respectively. MBA's tracked contract rate of the 30-year fixed-rate mortgage... Read More › The post Refinance Poised for Further Rate Declines first appeared on Eye On Housing .
    Click Here to Read the Full Article

    Source: eyeonhousing.org
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More From MND

Mortgage Rates:
  • 30 Yr FRM 2.96%
  • |
  • 15 Yr FRM 2.41%
  • |
  • Jumbo 30 Year Fixed 3.06%
MBS Prices:
  • 30YR FNMA 4.5 108-07 (0-01)
  • |
  • 30YR FNMA 5.0 109-25 (0-00)
  • |
  • 30YR FNMA 5.5 111-14 (0-01)
Recent Housing Data:
  • Mortgage Apps 2.79%
  • |
  • Refinance Index 3.16%
  • |
  • Purchase Index 1.82%