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.

Los Angeles Real Estate Market Down – How to Make Up For It

REAL ESTATE NEWS

More motivated Downtown sellers are expected to come onto the market as urban real estate deflates, and families flock to the suburbs in search of safety amid virus fears, bloating blight, soaring city crime and approaching housing apocalypse. #realestate #market #losangeles

The median home value around Downtown Los Angeles dropped by $48,500 in May of 2020 compared the same month last year. In June, the stock market is “insanely disconnected” as described by billionaire Warren Buffett. Here’s how to take advantage of the screwy economy and this absurdly overvalued stock market in order to catch a great big pile of that Robin Hood millennial dumb money that’s about to flow to the billionaires on the 2nd leg of the 2020 stock market crash. Blog Video

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As it was in 2008, short selling is the primary method to profit from severe stock market crashes. Take a look at the S&P 500 vs Profit Margins chart Index Aggregate Profit Margin Estimate to see where things are headed –the perfect set up for a 20X stock short on questionable stocks like these short picks by Forbes Q.ai artificial intelligence analysis.

Get a free report on any Los Angeles or California property. Fill out my 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.