Real EstateCoronavirus

Housing joins mosh-pit scramble for PPP loans

About 14% of U.S. real estate companies got funding in PPP's first round, SBA data shows

About 14% of real estate companies in the U.S. – including sales, leasing and maintenance firms – got funding in the first round of the Paycheck Protection Program created by Congress to rescue small businesses.

That share is based on loan data covering the April 3 to April 13 period from the Small Business Administration, the federal department overseeing distribution of the original $349 billion funded by Congress and the $320 billion that was added to it on April 27.

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Mortgage rate drops to within 1 basis point of all-time low

The average U.S. rate for a 30-year fixed mortgage dropped to within one basis point of an all-time low this week, according to Freddie Mac. The rate fell to 3.24% from 3.28% last week.

May 21, 2020 By

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Introducing HousingWire’s 2020 Class of Rising Stars

This year’s class of Rising Stars celebrates 50 young innovators moving the housing industry forward. Coming from all sectors of housing – mortgage, real estate, fintech, servicing and more, these up-and-coming leaders are blazing their own trail. The norm is no longer good enough.

May 23, 2020 By
3d rendering of a row of luxury townhouses along a street

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