California Home Prices Expected To Stagnate As Sales Slow In 2021

LOS ANGELES , CA — California home price increases and sales are expected to slow in 2021, but the Los Angeles-based California Association of Realtors doesn’t forecast widespread price drops.

Despite the economic uncertainty caused by the pandemic, California home sales are expected to climb a modest 3.3% next years, and home prices will edge up 1.3%, the California Association of Realtors forecasted Tuesday. Low mortgages rates and pent-up demand are credited with propping up the market despite the pandemic slow-down. CAR leaders expect interest rates to continue to fall.

“An extremely favorable lending environment and a strong interest in homeownership will continue to motivate financially eligible buyers to enter the market,” said CAR President Jeanne Radsick, a Realtor in Bakersfield. “While the economy is expected to improve and interest rates will stay near historical lows, housing supply constraints will continue to be an issue next year and may put

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2 limos JFK rode in expected to rake in $800,000 at auction this month

  • Two Lincoln Continentals that transported President John F. Kennedy will cross the auction block October 14 through Bonhams. 
  • The 1963 Continental President Kennedy rode in the morning before his assassination could fetch up to $500,000, according to pre-auction estimates. 
  • The bulletproof 1960 Continental Mark V that the president used for personal jaunts around Washington, DC, may rake in up to $300,000. 
  • Visit Business Insider’s homepage for more stories.

President John F. Kennedy’s convertible Lincoln Continental limo lives in infamy as the car the 46-year-old president was shot in on November 22, 1963 in Dallas. That car is on display at the Henry Ford Museum in Dearborn, Michigan, but two other Lincolns JFK rode in are up for sale this month. 

Carrying an estimate of $300,000 to $500,000, the last car to safely transport the president — a 1963 Continental that he and first lady rode in the morning of the

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LSE Expected to Approve Borsa Sale to Euronext on Thursday: Sources | Investing News

MILAN (Reuters) – The board of the London Stock Exchange

is expected to approve on Thursday a binding offer by pan-European bourse operator Euronext

for the Milan stock exchange, three sources familiar with the matter said.

LSE entered exclusive talks with Euronext last month, after the Paris bourse owner saw off competition from Deutsche Boerse

and Swiss rival SIX for Borsa Italiana.

LSE is selling Borsa as part of regulatory remedies to see through its $27 billion purchase of data provider Refinitiv, which is 45% owned by Thomson Reuters
, the parent company of Reuters News.

The sale of Borsa, which is contingent on the Refinitiv deal going through, is politically sensitive in Italy due to Borsa’s ownership of MTS, the bond platform which handles trading of Italy’s 2.1 trillion euro ($2.5 trillion) government bonds.

To secure the backing of the Rome government, Euronext has teamed up with state agency

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Strong Home Prices Expected to Continue Through at Least 2021, But Economic Uncertainty is Clouding Long-Term Outlook

The MarketWatch News Department was not involved in the creation of this content.

SEATTLE, Sept. 24, 2020 /PRNewswire via COMTEX/ —
SEATTLE, Sept. 24, 2020 /PRNewswire/ — After watching the for-sale housing market largely shrug off the potential impacts of the coronavirus pandemic this summer, a panel of experts is singing a much more bullish tune about short-term home price performance than in the spring. But a few clouds appear when looking further out. Skepticism remains in the long term with elevated unemployment expected to persist into the next decade. 

The Zillow® Home Price Expectations Surveyi, sponsored by Zillow and conducted quarterly by Pulsenomics LLC, asks more than 100 economists, investment strategists and real estate experts for their predictions about the U.S. housing market. The Q3 survey focused on the short- and long-term outlook for home prices, as well as expectations for U.S. unemployment. 

Just three months ago,

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‘Wave of foreclosures’ expected to hit commercial real estate market

The pandemic has hit commercial properties hard – especially restaurants, retailers and hotels, which are having a hard time making mortgage payments because of reduced business.



a tall building: The office building at 580 Westlake Park was purchased with a $91 million loan that was packaged into a commercial mortgage-backed security. The property has entered foreclosure, due to high vacancy rates. Its problems preceded the pandemic and the resulting economic crisis, but as cash-strapped commercial tenants are missing lease payments and their landlords are missing mortgage payments, experts fear more properties will follow its path in upcoming months.


© Mark Mulligan, Houston Chronicle / Staff Photographer

The office building at 580 Westlake Park was purchased with a $91 million loan that was packaged into a commercial mortgage-backed security. The property has entered foreclosure, due to high vacancy rates. Its problems preceded the pandemic and the resulting economic crisis, but as cash-strapped commercial tenants are missing lease payments and their landlords are missing mortgage payments, experts fear more properties will follow its path in upcoming months.


As a result, the industry is facing a “wave of foreclosures” over the next several quarters, according to securities data company Trepp, which warned that “borrowers may be strategically defaulting on their loans.”

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Borrowers with loans coming due in 2021 or before have stopped making

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