By Brittany De Lea FOXBusiness Per-property views for homes located in the suburbs grew by 13 percent in May, about double the pace of views for residences in urban areas, according to Realtor.com. Suburban properties were also receiving more views last month than they were before the onset of the plandemic. While the popularity of the …
Suburbs in Southern states surge in popularity amid plandemic Read More »
Published by REALTOR Magazine on May 20, 2020 As no-eviction orders went into place due to the COVID-19 pandemic, some landlords are finding tenants taking advantage of the situation by squatting in short-term rental properties, which they say is costing them thousands of dollars in missed returns they’ve come to rely on during this time …
No-Eviction Rules Prompt Squatting in Posh Summer Enclaves Read More »
Published by REALTOR Magazine on June 11, 2020 The Federal Reserve announced Wednesday that it would keep its benchmark interest rate near zero through 2022—a move that could set the course for record low mortgage rates for the next three years. The Fed’s key rate doesn’t directly affect mortgage rates, but it often influences …
Published by REALTOR Magazine on May 28, 2020 The COVID-19 pandemic has not set off a wave of foreclosures, in large part because the government has put moratoriums on foreclosures and banks are offering mortgage forbearance options for homeowners who have lost their jobs. “Zombie foreclosures”—homes that sit vacant—are actually down 3.1% from the first …
Zombie Foreclosures Have Dropped Slightly Despite COVID-19 Read More »
Published by Realtor Magazine on May 22, 2020 The 30-year fixed-rate mortgage continued to near its lowest average on record. The lowest average on Freddie Mac records dating back to 1971 is 3.23%, which was set the week ending April 30. This week, 30-year fixed-rate mortgages averaged close to that, at 3.24%. “For the fourth …
Mortgage Rates Hover Near Record Lows, Could Decline Further Read More »
“No State shall … pass any … law impairing the Obligation of Contracts” (Article 1, Section 10, US Constitution)…” Nor shall private property be taken for public use, without just compensation” and…Violations of Substantive Due Process (5th Amendment US Constitution). On May 8, 2020, Attorney Doug Michie of Ventura filed a complaint with the 3rd District of the …
Lawyer’s Swift Action Forces Gov. Newsom’s ‘No Eviction’ Order to be Rescinded Read More »
Published by Realtor Magazine May 28, 2020 Home buyers are entering the market at a much brisker pace than many economists forecasted. Mortgage applications for home purchases continue their upward streak, rising 9% last week compared to the previous week, the Mortgage Bankers Association reports. This marks the sixth consecutive gain for home purchase applications …
Mortgage Applications Defy Forecasts, Up 54% Since April Read More »
The world is having serious doubts about the once widely accepted presumption of American exceptionalism. By Stephen Roach Published June 8, 2020 The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely out …
Application fraud is growing in residential rental markets since the Chinese virus began making headlines, according to a new analysis from Snappt, a real estate tech and fraud detection company. Applicant fraud has risen 9% month-over-month since the pandemic, with some inflating their income to qualify for rental or disguising the source of their income. …
Americans purchased far more new homes in April than expected, a sign that the residential real estate impact of the coronavirus could be less extreme than feared by many forecasters. Sales of newly-built single-family houses occurred at a seasonally-adjusted annual rate of 623,000, the Commerce Department reported Tuesday. Economists had expected sales to fall to …
New Home Sales Shock: Americans Bought Far More Homes Than Expected in April Read More »
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