What is Coronavirus?

COVID-19 is a novel coronavirus causing the World Health Organization (WHO) to classify this outbreak as a pandemic on March 11, 2020. Symptoms include fever, cough, and shortness of breath. Anyone experiencing emergency signs such as difficulty breathing, persistent pain or pressure in the chest, new confusion or bluish lips or face should immediately seek medical attention.

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What You Should Know

Older adults and people who have severe underlying chronic medical conditions like heart or lung disease or diabetes seem to be at higher risk for developing more serious complications from COVID-19 illness. The virus is thought to spread mainly from person-to-person and the best way to prevent illness is to avoid being exposed to this virus. The CDC urges citizens to monitor your health and practice social distancing. Social distancing means staying out of crowded places, avoiding group gatherings, and maintaining distance (approximately 6 feet) from others when possible.

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Coronavirus Articles

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Recent 2021 2020

COVID-19 Eviction Bans Expose Deeper Hostility Toward Property Ownership
The Hill  |  July 26, 2021

Most states imposed some kind of eviction ban during the pandemic, typically targeted toward residential landlords and tenants. But even as we’ve begun to climb out and life approaches normalcy, 14 states and many large cities still cling to eviction bans.

International Buyers Dropped out of U.S. Housing During Pandemic, but China is Rushing Back
CNBC  |  July 26, 2021

U.S. homebuyers went on a buying spree during much of the coronavirus pandemic’s first year. International buyers did just the opposite, though. Even with virtual options in place for property tours, sales of U.S. homes to foreign buyers fell by 31% from April 2020 to March 2021, according to the National Association of Realtors.

Delinquencies Fall Below Pre-Great Recession Average
Mortgage News Daily  |  July 25, 2021

The national delinquency rate dropped by 7.62 percent in June and is now 42.39 percent below its rate at the worst of the pandemic. Black Knight, in its monthly report, says the June rate, at 4.37 percent, was also back below its pre-Great Recession average.

What You Need to Know About Applying for Rental Assistance as National Eviction Ban Comes to an End
CNBC  |  July 21, 2021

More than 11 million Americans, or 16% of U.S. renters, say they aren’t caught up with their housing payments, according to a recent analysis by The Center on Budget and Policy Priorities. And with the national eviction ban scheduled to expire on July 31, advocates fear many tenants may not get the relief in time to stay in their homes.

Forbearances Decrease to 1.75M Homeowners
HousingWire  |  July 19, 2021

For the 20th straight week, servicers’ forbearance portfolio volume dropped—this time a staggering 26 basis points, to 3.50% in the period ending July 11, per a survey from the Mortgage Bankers Association. According to MBA’s estimate, 1.75 million homeowners are in forbearance plans.