Published by REALTOR.com | March 18, 2021 Buyer demand remains strong Construction on new homes weakened in February as material costs—notably on lumber—continued to challenge growth in new-home construction. Housing starts—including for single-family and multifamily building—fell 10.3% to a seasonally adjusted annual rate of 1.42 million units in February, the U.S. Department of Housing and …
Published by REALTOR Magazine | March 18, 2021 Baby Boomers made up the majority of sellers last year at 43%—and they also saw the highest profits. Overall, home sellers of all age groups who sold their homes last year saw a median gain of $66,000 more than what they originally purchased for—a $6,000 increase compared …
Published by REALTOR Magazine | March 18, 2021 The Fed indicates they likely won’t raise interest rates until 2023—at the earliest. The Federal Reserve voted on Wednesday to keep its benchmark interest rate near zero and at historic lows as the economy continues to recover from the COVID-19 pandemic. The Fed went on further to …
Published by Housing Wire | March 16, 2021 Unintended consequences could send home prices up even further The housing industry has been keeping a keen eye on President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time homebuyers. But just how many people would actually benefit from it? According to a report from Zillow, about 9.3 million renter …
Renters and Biden’s $15,000 homebuyer tax credit Read More »
Published by REALTOR.com | March 8, 2021 The Mortgage Bankers Association estimated that lenders originated some 7.1 million refinance loans last year. As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of …
Did You Refinance Your Mortgage Last Year? Here’s How It Could Affect Your Taxes Read More »
Published by The Washington Examiner | March 11, 2021 Rep. Ilhan Omar (D-MN) introduced a bill that seeks to cancel rent and mortgages nationwide through the duration of the coronavirus pandemic. The Rent and Mortgage Cancellation Act would allow for full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on …
Omar Pitches National Cancellation of Rent and Mortgage Payments Until April 2022 Read More »
Published by Forbes | March 5, 2020 The coming of the new year didn’t magically wrap up all the turmoil we experienced in 2020. While most of us were more than ready to bid adieu to 2020, there’s still a fair amount of uncertainty as we dive into 2021. While we can see the proverbial …
Published by REALTOR.com | March 2, 2021 In more than 15 of the 50 largest metros, buying a home was as—or more—affordable than renting in January 2021, according to a recent Realtor.com report. Since the coronavirus pandemic took the shine off expensive (and cramped!) urban living, rents have tanked in some of the nation’s top …
Top Markets Where It Makes the Most Sense To Rent vs. Buy Read More »
Published by REALTOR.com | March 4, 2021 It looks like the era of cheap loans may be coming to an end. For the better part of a year, one bright spot for home buyers in this hypercompetitive market of record-high prices and a record-low number of homes for sale has been mortgage interest rates, which …
Mortgage Rates Tick Up Over 3 Percent, Dealing Home Buyers Another Blow Read More »
Published by Yahoo! News | February 26, 2021 Barker sided with the landlords and property owners, saying the national moratorium encroached on states’ rights. A federal judge has ruled that the national moratorium on evictions instituted by the Centers for Disease Control and Prevention is unconstitutional. U.S. District Judge John Barker did not issue an …
TX Federal Judge Rules That National Eviction Moratorium is Unconstitutional Read More »
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