W. J. Mencarow | Paper Source Online

Note Tsunami Ahead? Millions May Lose Their Homes When Moratoria Expire

The following is an excerpt from an article published by DSNews on December 17, 2020. Despite federal and local efforts to halt foreclosures and evictions during a global health crisis, losing a home has become a real threat facing millions of Americans, especially as preventative moratoria expire in December and January. “If the federal government and the CDC allow the …

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CCP Virus Prompted Americans to Flee Big Cities

Uncategorized / By W. J. Mencarow

Published by FOX Business | January 5, 2021 Arrivals to the entire Bay Area dropped 31% compared to 2019 The coronavirus pandemic triggered an exodus from the country’s most densely populated areas, particularly New York City and the San Francisco Bay Area, according to a new report. According to U-Haul, which analyzed migration trends in 2020, those once-thriving areas have seen an overwhelming …

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The Reason Most Buyers Can’t Get A Home Under $100k

Uncategorized / By W. J. Mencarow

Published by REALTOR.com | December 30, 2020 In November, there were more than 50,100 listings nationwide for single-family homes priced at $100,000 or less on realtor.com® Across the nation, home prices have shot up to unheard-of heights even during the pandemic—because there are still people hunting for homes (preferably with their own yard and space …

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Self-Employed and Applying for a Mortgage in the COVID Era

Mortgages / By W. J. Mencarow

Published by REALTOR.com | November 2, 2020 While freelancing undoubtedly has its perks, helping you get a mortgage is not one of them. The gig economy has blown up in the past few years, with more and more people choosing to work as freelancers, either by starting their own businesses, or by picking up non-salaried …

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U.S. Bankruptcy Tracker: Virus Sparks Worst December Since 2011

Commercial Property / By W. J. Mencarow

Published by National Real Estate Investor | December 22, 2020 The 44 bankruptcies by companies with over $50 million since Oct. 1 make the fourth quarter the worst period since 2009. (Bloomberg)—Last month saw 16 large companies file for bankruptcy protection in the U.S., the most of any December since 2011, according to Bloomberg data. …

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What Will 2021 Be Like For Buyers and Sellers?

Uncategorized / By W. J. Mencarow

The following is an excerpt from an article published by REALTOR.com What will 2021 be like for buyers? The housing market in 2021 will be much more hospitable for buyers as an increased number of existing sellers and ramp up in new construction restore some bargaining power for buyers, especially in the second half of …

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America’s New Remote Workers Are Moving—Here’s Where

Rental Property / By W. J. Mencarow

Written by Erin Spradlin and published by Bigger Pockets | December 21, 2020 Why Real Estate Investors Should Care About Remote Workers NPR is reporting 14–23 million people will be moving because they are no longer tethered to their jobs. I think this is a very important tenant pool that can help you transition out of Airbnb …

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Existing-Home Sales Fall in November as Buyers Struggle to Find Properties

Uncategorized / By W. J. Mencarow

Originally published by REALTOR.com | December 22, 2020 Existing-home sales fell after five straight months of increases in November, as buyers were met with a record-low number of homes for sale. Total existing-home sales dipped 2.5% from October to a seasonally-adjusted annual rate of 6.69 million, the National Association of Realtors reported Tuesday. October’s sales figure …

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Realtor.com: The Top 10 Housing Markets of 2021

Uncategorized / By W. J. Mencarow

Originally published by REALTOR.com | December 7, 2020 The Realtor.com® economics team put together a list of the housing markets that are expected to sizzle next year. Wouldn’t it be great to look into the future? You could see just how quickly the world will recover from this deadly pandemic, get the winning lottery numbers—and …

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Homes Appreciate at Fastest Rate Since 2014

Uncategorized / By W. J. Mencarow

Originally published by REALTOR Magazine | December 9, 2020 Home prices at all market levels are accelerating at the fastest rates in the past six years. Home prices typically decline when economic activity constricts—but not in 2020. The economic downturn resulting from the COVID-19 pandemic has coincided with a booming housing market. Existing-home prices for all …

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