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Coronavirus Economic Weekly News 08August 2021

Written by rjs, MarketWatch 666News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the prospects for an infrastructure bill, stimulus checks, government funding, the Fed, the latest employment data, housing market reports, mortgage delinquencies & forbearance, travel, layoffs, lockdowns, and schools, as well a...
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Calculated Risk: CoreLogic: 1.4 Million Homes with Negative Equity in Q1 2021

CoreLogic® ... today released the Homeowner Equity Report for the first quarter of 2021. The report shows U.S. homeowners with mortgages (which account for roughly 62% of all properties) have seen their equity increase by 19.6% year over year, representing a collective equity gain of over $1.9 trillion, and an average gain of $33,400 per borrower, since the first quarter of 2020. While the coronavirus pandemic created economic uncertainty for many, the continued acceleration in home prices ov...
Frank Nothaft Frank Martell From Corelogic Nationwide Homeowner Equity Gains Hit Homeowner Equity Report Corelogic Home Price Index

Calculated Risk: CoreLogic: 1.5 Million Homes with Negative Equity in Q4 2020

3/11/2021 08:57:00 AM CoreLogic® ... today released the Home Equity Report for the fourth quarter of 2020. The report shows U.S. homeowners with mortgages (which account for roughly 62% of all properties) have seen their equity increase by 16.2% year over year, representing a collective equity gain of over $1.5 trillion, and an average gain of $26,300 per homeowner, since the fourth quarter of 2019. As competition for the dwindling supply of for-sale homes drove prices up, average annual home...
Frank Nothaft Frank Martell From Corelogic Home Equity Continues Homeowners Gained Over Home Equity Report

Australia's boom, bust, boom, bust rents

MacroBusiness Access Subscriber Only Content From CoreLogic today: The rental market dynamic has changed substantially through COVID but there are some early signs that weakness across the unit sector is starting to level out, if not turn around. Rental demand has transitioned towards detached and lower density housing markets since the pandemic, partly reflecting the disruption to rental demand from overseas migration, but also the stress of changed working conditions, caused by COVID restrict...
Western Australia New South Wales From Corelogic மேற்கு ஆஸ்திரேலியா புதியது தெற்கு வேல்ஸ்

The state of stamp duty for Australian property

MacroBusiness Access Subscriber Only Content From CoreLogic’s head of research, Eliza Owen: In 2020, COVID-19 mildly impacted Australian housing prices, but created volatility in transaction activity. These factors have drawn renewed scrutiny of stamp duty on residential property, and may have influenced some of the timely reform and discounting in stamp duties over the year. What’s wrong with stamp duty? There is broad agreement among academics, economists and advocacy groups across the pr...
Eliza Owen From Corelogic South Australia எலிசா ஓவந் தெற்கு ஆஸ்திரேலியா

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