Dumas and Associates

Real Estate News

Below are the latest real estate news headlines for buyers and sellers.

Real Estate

Mortgage rates spike on shocking jobs report

CNBC's Diana Olick breaks down the spike in mortgage rates. Read Article

Fri, 05 Jun 2020 11:18:38 PDT

The IRS is giving you more time to invest in this new tax-advantaged strategy

Qualified opportunity funds give investors a tax-advantaged way to pour money into economically distressed areas. The IRS is giving these taxpayers until the end of the year to select the projects they will back. Read Article

Fri, 05 Jun 2020 09:53:27 PDT

The recovery from the coronavirus sure looks V-shaped, going by these charts

A better-than-expected jobs report is the latest data point that shows a possible quick recovery for the U.S. economy. Read Article

Fri, 05 Jun 2020 08:36:45 PDT

'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 loosely follow the yield on the 10-year Treasury. Read Article

Fri, 05 Jun 2020 11:17:29 PDT

Coronavirus-fueled wave of foreclosures is unlikely, says Mortgage Bankers Association CEO

Bob Broeksmit, CEO of the Mortgage Bankers Association, joins "Squawk Box" to discuss the state of the housing market amid the coronavirus pandemic. Read Article

Fri, 05 Jun 2020 05:48:05 PDT

Mortgage bailout total shrinks for first time since start of pandemic

The number of borrowers in both government and private-label mortgage forbearance programs dropped by 34,000 last week, according to new numbers from Black Knight, a mortgage technology and data provider.CNBC's Diana Olick reports. Read Article

Fri, 05 Jun 2020 04:25:43 PDT

Government's mortgage bailout tally shrinks for the first time since the coronavirus hit

Fewer borrowers are now in mortgage relief programs that allow them to delay their monthly payments due to the coronavirus crisis. The mortgage market, however, is not out of the woods yet. Far from it. Read Article

Fri, 05 Jun 2020 04:26:14 PDT

Zillow data shows owners of vacation rentals are now looking for longer-term renters

Zillow has seen significant increases in listing for furnished rentals and rentals of six-months or less, a sign that Airbnb hosts have pivoted to the long-term rental market as a result of the coronavirus's impact on the tourism industry. Read Article

Thu, 04 Jun 2020 15:03:28 PDT

Here's what may be next for businesses skipping rent payments

Commercial rent may be in trouble as businesses struggle to make payments. Heather Long of The Washington Post joins CNBC's Kelly Evans to break down commercial retail rents. Read Article

Thu, 04 Jun 2020 11:14:17 PDT

Chairman of McKinsey Global Institute on racial wealth gap

James Manyika, chairman of the McKinsey Global Institute, joins "Closing Bell" to discuss what companies can do to address the racial wealth gap. Read Article

Wed, 03 Jun 2020 14:47:03 PDT
Dumas and Associates
Ph: 773-278-8778
2519 N. California
Chicago, IL 60606 US
www.dumasassociates.com
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