The Real Deal - New York Real Estate News

Bernie Sanders throws support behind New York rent-suspension bill

Posted: 28 Mar 2020 09:16 AM PDT

Presidential candidate Bernie Sanders has thrown his weight behind Sen. Michael Gianaris’ rent-suspension bill. “Along with pausing mortgage payments, evictions, and utility shutoffs, we must place a moratorium on rent payments, especially in states hardest-hit by the coronavirus like New York,” Sanders tweeted on Saturday morning. “We must build on the important work [Gianaris] and others are doing to make this happen.” Along with pausing mortgage payments, evictions, and utility shutoffs, we must place a

Fewer Canadians are searching for homes online amid pandemic

Posted: 28 Mar 2020 09:00 AM PDT

Canadians are not only done with open houses, it seems many aren’t even looking for new homes anymore. There were 38 percent fewer web searches for homes on March 23 than there was on March 5, less than 20 days earlier, according to data from property mark aetplace Point2 Homes first reported by Bloomberg. Point2 Homes also found Google searches down for terms including “homes for sale” and “houses for sale,” among others. The decline

Demand for housing tanks in UK as buyers stay home

Posted: 28 Mar 2020 06:00 AM PDT

The growing coronavirus pandemic has tanked housing demand in the United Kingdom. Demand fell 40 percent over the last week and the number of handshake deals — or “subject to contract” deals — were down 60 percent, according to a Hometrack study of 20 U.K. cities first reported by Mansion Global. Hometrack projects transaction volumes to drop 60 percent in the second quarter and for demand to fall steadily through the third quarter. “These are