Foreclosure Activity Sees 6th Consecutive Increase in Q3

Covid-19, Mortgages / By

Published by FOX Business | November 19, 2021 After the federal foreclosure moratorium ended in July, and the eviction moratorium closed in September, the number of foreclosures has been growing. Foreclosure activity saw an uptick in October, marking the sixth consecutive month of annual increases, according to the October 2021 Foreclosure Market Report from ATTOM Data Solutions. …

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Why Building More Homes Can’t Solve the Housing Affordability Problem

Covid-19, Rental Property / By

Published by Market Watch | November 17, 2021 Even before 2020, the U.S. faced an acute housing affordability crisis. The COVID-19 pandemic made it a whole lot worse after millions of people who lost their jobs fell behind on rent. While eviction bans forestalled mass homelessness—and emergency rental assistance has helped some—most moratoriums have now been lifted, putting a …

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Supply Chain Crisis Creating Unprecedented Housing Issues

Investments / By

Published by FOX Business | November 16, 2021 Jerry Howard, NAHB CEO, says the disruptions are creating never before seen ‘unusual circumstances’ for new homes National Association of Home Builders CEO Jerry Howard noted on Tuesday that supply chain disruptions are creating unprecedented issues, telling “Varney & Co.” they are causing “unusual circumstances” as it pertains to new …

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Biden’s Banking Nominee Calls to Eliminate All ‘Private Bank Accounts’

Behind The News, Investments / By

Published by Breitbart | November 13, 2021 If the Senate were to confirm Omarova, she would have the “most powerful, least accountable” position over America’s banking system. Saule Omarova, President Joe Biden’s nominee for the Office of the Comptroller of the Currency (OCC), called during a March 2021 virtual conference to eliminate all private bank …

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Democrats put 401(k) and IRA Restrictions Back Into Their “Build Back Better” Plan

Investments / By

Published by CNBC | November 4, 2021 An updated version of Democrats’ “Build Back Better” plan has new rules on retirement plans for the wealthy. House Democrats proposed several rules to curb retirement accounts of the rich, part of a broad restructuring of the tax code tied to the party’s Build Back Better social and …

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Zillow to Stop Flipping Homes Due to Massive Losses

Investments / By

Published by MarketWatch | November 2, 2021 “We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility,” CEO tells investors. Zillow Group, Inc. is calling it quits on the home-flipping business, while disclosing losses of more than …

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10 Markets Where Home Prices Are Surging Most

Covid-19 / By

Published by REALTOR Magazine | October 26, 2021 Many markets have seen double-digit percentage price growth since the pandemic began. Housing demand has been on fire amid the pandemic, and home prices have skyrocketed in response. Many markets have seen double-digit percentage price growth since the pandemic began. For example, in Rochester, N.Y., where home …

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