News in covid 19

The Bloomberg Nanos Canadian Confidence Index, a weekly composite measure of financial health and economic expectations, jumped to 45.4 last week from 42.9 a week earlier.

As Americans struggled to pay their bills in May, the result of the ongoing COVID-19 pandemic, U.S. mortgage delinquency rates rose to 7.76%.

Tim Macklem, said that the bank remains focused on using its policy tools, including low interest, to support the recovery of the Canadian economy from the COVID-19 pandemic.

The National Association of Realtors® is reporting that total existing-home sales slumped -9.7% from April to a seasonally-adjusted annual rate of 3.91 million in May.

According to the results of the ninth annual Houzz & Home Survey of more than 87,000 U.S. respondents, Baby Boomers (born between 1946 – 1964), accounted for more than half of homeowners renovating their homes in 2019.

According to a new study conducted by Clever, 42% of homeowners who made a purchase during the time period of January and May this year have ended up in a bidding war.

The HUD announced on Wednesday (6/17) that the Federal Housing Administration is providing a two-month extension of its foreclosure and eviction moratorium through August 31st, 2020.

Existing Canadian home sales rose 56.9% month on month in May. This as they recover from their weakest levels on record in April, the result of the COVID-19 pandemic and shelter in place restrictions.

According to the latest NAHB / Wells Fargo Housing Market Index (HMI) for June, builders’ confidence in the market for newly built single-family homes increased to 21 points to a reading of 58.