U.S. Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Fall

Stock market crashes, virus panic, social unrest, explosive unemployment, plunging GDP

The U.S. economy continues to look bleak as consumers and small businesses struggle to keep up with changing guidelines related to Covid-19. In just 13 weeks, more than 45 million Americans filed for unemployment benefits. Meanwhile, 4.3 million Americans are unable to pay their mortgages. #realestate #market #news | Blog Video

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While precious metals like gold and silver have done well, and crypto assets have held decently, real estate and property statistics have tumbled. Corona panic and virus hysteria have ravaged the U.S. economy by inducing a number of lockdown rules, shutting down businesses of all kinds, especially small businesses.

The current unemployment rate is on par with The Great Depression, as 45.7 million are out of work. The loss of income has placed the U.S. real estate industry in jeopardy, as residential home sales and commercial property values have plummeted.

Barry Sternlicht from Starwood Capital explains that the virus, along with social unrest, leads him to predict that office buildings shall lose 40% of value, with rents dropping extremely low, and a third of hotels going bankrupt in New York City.

The National Association of Realtors explained on Monday that “existing-home sales occurred at a seasonally adjusted annual pace of 3.91 million,” which is the lowest in over a decade. Sales that stem from pre-owned houses dipped by 9.7% in May.

Some real estate professionals expect that the re-opening economy shall allow for rapid growth, but their projections do not account for repercussions from social unrest, continuing virus hysteria, historic stock market volatility, historic job loss and historic drop in GDP.

Find out how much the home down the street sold for. Fill out the online form.


House on the Oregon Coast $139k with 3% down

As more home buyers and investors stop looking in big cities, in favor of suburbs, the readers of the LA Loft Blog have shown more interest in lower priced investments, and more spread out digs.

Place a back up offer on this $139,000 two bedroom, one bath 1,230 sqft
at 1708 NW Westward St, Waldport, OR 97394. Near the beach in Bayshore! This home is a short walk to the clubhouse, pool and beach access so while it needs some attention the effort would be worth it for this location. There is a big yard with room for a great garden and an upper floor deck with a bit of ocean view too. This could be a good opportunity to get that place at the beach! Property was built prior to 1978 and lead based paint may potentially exist. This property may qualify for Seller Financing (Vendee).

Get a free list of the best investment properties nationwide under $100,000. Fill out the online form:

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Waldport, OR example of amazing locations for nationwide rental income homes

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Solar Homes For Sale

Best Deals on Los Angeles Homes with Solar

As residential solar energy technology improves in power and cost-effectiveness, more and more homes become practical locations for rooftop panels, solar roofs, off-grid electric generation, solar heating, hot water and solar heated pools. Solar adds value to homes by reducing electricity costs as it gives independence from expensive, polluting resources. #solarhomes #forsale #california | Blog Video

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Futurism magazine has released a free cost-benefit service to help determine the net value of solar for any particular home.

Here’s a link to SOLAR HOMES FOR SALE in the Los Angeles area or request a list of solar homes in any city or neighborhood. Some of them present special deals in the form of probate auctions, homes with character, expandable lots, bankruptcy sales and fixers!!! Smart home buyers and investors are taking advantage of the crazy virus panic to steal some unique houses.

Looking for homes with a pool? Get a free list of pool homes in your desired area. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.