By: Aahoo Pourang On Monday, October 4, Facebook experienced a six-hour outage that extended to Instagram and WhatsApp. While active social media users ran to other apps like Twitter, TikTok, or Snapchat, Facebook not only became the center of all jokes, but the company lost in more ways than one. What was considered the largest …
Facebook’s Bad Day and the Ironic Timing of a Six-Hour Outage Read More »
By: Aahoo Pourang Evergrande Group is one of China’s largest lenders ranging from property to auto. Their assets are equivalent to about $355 billion US dollars, so the group is easily one of the world’s top companies and China’s second-largest property developer. To better understand just how big Evergrande Group is: it employs over 200,000 …
What is Evergrande Group and How it Relates to the Recent US Stock Crash? Read More »
by: Aahoo Pourang Concerns about the Delta Variant has dropped consumer sentiment to the lowest since 2011. Americans are more concerned about the economy’s future with the recent surge in coronavirus cases. According to the University of Michigan’s Preliminary Sentiment Index, data shows that optimism fell by 11 points to 70.2%, which is lower than …
By: Aahoo Pourang The coronavirus pandemic caused a massive halt in the economy and real estate. Because of all the uncertainties of COVID-19, homeowners spent their time at home, causing a massive itinerary for home sellers. According to a survey by Redfin from August 2020, “of 1,000 people who were planning to buy a home …
By Aahoo Pourang : For struggling homeowners in California, the safety net created by Governor Newsom was a relief after being hit by the COVID-19 economic shutdown. Now that California will begin to reopen mid-June, people are concerned that after the safety net expires, if 2021 will see a mass number of foreclosures in California. …
Foreclosures and the Risk in the Homeowners’ Net Safety Read More »
By Aahoo Pourang: While 2020 was a challenging and unstable year for most markets, it’s instability has impacted the upcoming real estate trends of 2021. In 2020, we saw the housing market quickly becoming disrupted by the COVID pandemic during the spring. Fortunately, it made a swift (but shaky) rebound with brokers and realtors adjusting …
Since the Coronavirus pandemic and stay-at-home orders went into full effect with an unforeseen outcome and trends of the virus infecting Californians increasing, buyers and sellers have been kept on the sidelines. Economic activity has been resuming then halting as the state gradually reopens but with necessary precautions. The housing market, understandably, has been lagging …
As mortgage rates remained at record lows last week, homebuyers rushed out to apply for a mortgage. Homebuyer mortgage applications have surged for five consecutive weeks due to pent-up demand from shelter-in-place orders in March and April as well as a demand for more living space as a result of the pandemic. Purchase mortgage volume …
With the first half of 2020 coming to an end, the long-term impact of housing and financial markets is becoming more and more visible. There’s also been an unforeseeable shift in real estate: purchase activity is 13% higher, and buyers seeking a home outnumber the homes listed for sale. The housing market, to many economist’s and Real Estate businesses surprise, has remained resilient even in the midst of a pandemic and a rise in unemployment.
WASHINGTON, DC –Mortgage lenders’ profit margin outlook for the next three months fell slightly …
