Fund mangers could lose $2 billion on credit-risk-transfer securities, which shift the risk of borrower defaults from the GSEs to private investors.
Will there be more rent-to-own arrangements going forward?
The housing market continued to attract buyers looking for more space and attracted by low interest rates.
In the last recession some for-sale condo developments were turned into rentals. Brokers say that's unlikely to happen in the current crisis.
The properties hitting the market today tend to be smaller. Investors are holding onto stabilized assets if they can and distressed deals haven't hit the market yet.
“We are tremendously concerned what happens if those systems are not renewed,” says one insider about expanded unemployment benefits.
The solution, then, is to provide direct federal housing assistance.
In-person tours still account for a far greater share of lease closings. But virtual tours help prospective renters narrow down their choices.