Loans in coronavirus mortgage bailouts see largest weekly decline yet — but there are more red flags

The number of borrowers in government and private sector coronavirus-related mortgage bailouts just fell by the largest weekly volume since these plans were put in place. There are, however, warning signs that the programs could swell again. Real Estate BEST … Read more…

‘It’s going to be ugly,’ analyst says as mortgage rates suddenly spike on shocking jobs report

What’s good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in the bond market, pushing bond yields to the highest level since March. Mortgage rates … Read more…

WeWork’s Adam Neumann once said he had a ‘beautiful relationship’ with SoftBank’s Masa Son; now he calls out ‘abuse of power’ in lawsuit filing

In the lawsuit, Neumann accuses Softbank of backing out of a key provision of its nearly $ 10 billion bailout agreed to in October. Neumann was the biggest beneficiary of the deal that would have seen him cash out $ … Read more…

WeWork’s Adam Neumann once said he had a ‘beautiful relationship’ with SoftBank’s Masa Son; now he calls out ‘abuse of power’ in lawsuit filing

In the lawsuit, Neumann accuses Softbank of backing out of a key provision of its nearly $ 10 billion bailout agreed to in October. Neumann was the biggest beneficiary of the deal that would have seen him cash out $ … Read more…

Coronavirus will shrink US home prices by 2-3% nationally, Zillow forecasts, but deeper dive could be in store

Home prices have only fallen nationally once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession. Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted to fall … Read more…

Coronavirus will shrink US home prices by 2-3% nationally, Zillow forecasts, but deeper dive could be in store

Home prices have only fallen nationally once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession. Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted to fall … Read more…

Start-up Bungalow brings new twist to living with roommates, and new funding could help it grow

Bungalow, a barely 3-year-old co-living company, rents private bedrooms in large, suburban and urban homes. Tenants can use all the common areas, which Bungalow furnishes – fully equipped kitchens, living rooms with sofas and flat-screen televisions, as well as dining … Read more…