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Property News for 26 June 2020
Huge drop in Illinois home sales due to COVID-19 might be great for sellers, but not for buyers: 'There's a feeding frenzy.'
Chicago Tribune - 26 Jun 2020 16:51
Closings in Illinois in May dropped by 34%, according to Illinois Realtors. That's great news for sellers, but makes for a tricky time for homebuyers.
Forbearance rise erases roughly half of improvement seen since peak: Expert
CNBC - 26 Jun 2020 20:34
CNBC's Kelly Evans discusses the reversal in forbearance declines with Andy Walden of Black Knight.
Gangster Al Capone's childhood home in Brooklyn hits the market
Chicago Tribune - 26 Jun 2020 17:23
The Brooklyn, N.Y., home where Chicago mob boss Al Capone grew up has hit the market for $2.9 million.
Coronavirus mortgage bailouts suddenly swell as homeowners face new struggles
CNBC - 26 Jun 2020 15:53
After declining for three weeks, the number of borrowers delaying their monthly mortgage payments due to the coronavirus rose sharply.
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