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Demand for housing tanks in UK as buyers stay home

Written by Limelight

Hometrack Managing Director David Ross and a view of Nottingham, England (Credit: Hometrack) 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 — Read More...

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Bernie Sanders throws support behind New York rent-suspension bill

Written by Limelight

Bernie Sanders (Credit: Getty Images) Presidential candidate Bernie Sanders has thrown his weight behind Sen. Michael Gianaris’ . “Along with pausing mortgage payments, evictions, and utility shutoffs, we must place a moratorium on rent payments, especially in states hardest-hit by Read More...

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Fewer Canadians are searching for homes online amid pandemic

Written by Limelight

Web searches for terms including “homes for sale” are way down up north. (Credit: Pixabay) 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 Read More...

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New York halts most construction

Written by Limelight

New York Gov. Andrew Cuomo (Credit: Drew Angerer/Getty Images, and iStock) After facing pressure from city officials and workers, the state is shutting down all construction except work on infrastructure, healthcare facilities and affordable housing. The Empire State Development Corp. Read More...

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WeWork to miss 2020 targets because of coronavirus

Written by Limelight

WeWork’s Marcelo Claure and Sandeep Mathrani (Credit: Getty Images) WeWork says it won’t be hitting its targets this year because of the coronavirus. In a letter to bondholders, CEO and Executive Chairman Marcelo Claure wrote they no longer expect to Read More...

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Redfin execs tighten belt and give agents a boost

Written by Limelight

Redfin CEO Glenn Kelman (Credit: Redfin) Agents at real estate brokerage Redfin are getting a reprieve and the CEO is forsaking compensation in light of the coronavirus pandemic. Glenn Kelman, the CEO of Redfin, said he will give up pay Read More...

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House passes $2 trillion stimulus package

Written by Limelight

Representative Kevin McCarthy and US Speaker of the House Nancy Pelosi show the $2 trillion stimulus bill (Credit: ALEX EDELMAN/AFP via Getty Images) UPDATED, 3:46 p.m., March 27: After a brief procedural hiccup, Congress’ $2 trillion economic stimulus package is on Read More...

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Nonprofit developer proposes nine-story affordable project in Humboldt Park

Written by Limelight

1201-09 N. California Avenue and Hipolito (Paul) Roldan, CEO of Hispanic Housing Development Corp (Credit: Google Maps) A long-time vacant lot in Humboldt Park may be the new site of a 64-unit project. The lot, located at 1201-09 N. California Read More...