Category Archives: Real Estate Law

Topics that are of interest to the real estate community, with an emphasis on commercial, industrial, or multi-dwelling units.

COVID-19 Puts Stress on Commercial Real Estate

Earlier this month, New York Times writers Conor Dougherty and Peter Eavis reported that, “Faced with plunging sales that have already led to tens of millions of layoffs, companies are trying to renegotiate their office and retail leases — and in some cases refusing to pay — in hopes of lowering their overhead and surviving… Continue Reading

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U.S. Sales of Previously Owned Homes Dropped in May

Bloomberg writers Vince Golle and Reade Pickert reported today that, “U.S. sales of previously owned homes dropped in May by more than forecast to the lowest level since October 2010 as the coronavirus pandemic sent demand skidding along with the rest of the economy. “Closing transactions decreased 9.7% from the prior month to an annualized… Continue Reading

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Missed Home Loan Payments Jumped in April

Bloomberg writer John Gittelsohn reported recently that, “Delinquencies on U.S. home loans surged by 1.6 million in April, the biggest one-month gain ever, after the government cleared the way for Americans who lost income in the pandemic to delay payments without penalty. “Mortgages at least 30 days in arrears almost doubled to 6.45%, the highest… Continue Reading

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During Outbreak, Home Prices Stay Steady, So Far

Wall Street Journal writer Nicole Friedman reported last week that, “The economy is shrinking, businesses are closing and jobs are disappearing due to the coronavirus pandemic. But in the housing market, prices keep chugging higher. “Home prices plunged during the last recession after a housing crash caused millions of families to lose their homes. Home… Continue Reading

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WeWork’s Lessons for U.S. Real Estate

Writing recently at The Financial Times Online, Rana Foroohar noted that, “When it comes to cautionary global business tales, all roads seem to lead to WeWork. I have been thinking about the short-term office space company, and not only because of the lawsuit some of its board members issued last week against investor SoftBank over… Continue Reading

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Non-Bank Lenders put on Downgrade Watch

Financial Times writers Billy Nauman, Robert Armstrong and Laura Noonan reported last week that, “US non-bank lenders, which originate half of America’s home loans, are facing financial pressure and ratings downgrades as they await clarity from the federal government about how to deal with mortgage payment forbearance. “Rating agency Moody’s switched its outlook for non-bank… Continue Reading

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Mortgage Lenders Prepare for Delinquencies

Bloomberg writers Prashant Gopal and John Gittelsohn reported earlier this month that, “Mortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem. “Borrowers who lost income from the coronavirus — already a skyrocketing… Continue Reading

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Record Low Mortgage Rates Are Delivering More Refinancing Demand

Wall Street Journal writers Orla McCaffrey, Julia Carpenter and Ben Eisen reported last month that, “Record low mortgage rates are delivering more refinancing demand than some lenders can handle. “Homeowners are rushing to refinance their mortgages thanks to big falls in interest rates prompted by fears of the spreading coronavirus. Some lenders are having trouble… Continue Reading

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Many Homeowners Pay Higher Rates After Refinancing Their Homes to Tap Home Equity

Wall Street Journal writer Ben Eisen reported recently that, “Many U.S. homeowners who need cash are taking it out of their properties. The trade-off: higher interest rates. “Over the past two years, a big chunk of homeowners took on higher interest rates when they refinanced to tap their home equity. These cash-out refinancings, as they… Continue Reading

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U.S. Home Builders Benefited From Low Interest Rates This Year; Housing Starts Climbed and New-Home Sales Surged

Earlier this week, Wall Street Journal writer Will Parker reported that, “U.S. home builders benefited from low interest rates this year as housing starts climbed to levels not seen in a decade and new-home sales surged after a disappointing 2018. “Builder confidence, as measured by the National Association of Home Builders, is now the highest… Continue Reading

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