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 »
“Unlike the stock market, home prices are not expected to drop because of the ongoing housing shortage and due to homes getting delisted during this time of crisis. For the past couple of months, we have seen the number of buyers grow as more people enter the market. Once the social distancing and quarantine measures …
NAR® Chief Economist: House Prices Should Not Drop Read More »
Jimmy Napier, who many credit with giving them their start in note investment (including me), has died at age 83. Jimmy authored the ground-breaking book “Invest In Debt,” which for many people was their first introduction to the concept of discounted paper. He also taught numerous seminars and recorded courses during the 1970’s until recently. …
The “Take Responsibility for Workers and Families Act” was introduced in the US House by US Rep. Nita Lowey (D, NY) on 5/12/20. You can read that bill here. Among other things, the bill says that a landlord can’t evict a tenant who doesn’t pay. It also means that the landlord can’t evict a tenant …
Will Congress Bankrupt The Mom-And-Pop Landlord With This Socialist New Bill? Read More »
The Federal Housing Finance Agency announced Thursday that it is extending a moratorium on foreclosures and evictions for mortgages backed by Fannie Mae and Freddie Mac until at least June 30. Originally, the moratorium was set to expire May 17, but the FHFA decided to change course as the nation continues to feel the economic …
Fannie, Freddie Extend Ban on Evictions, Foreclosures Read More »
by Fuquan Bilal The coronavirus has clearly had a massive impact on our daily routines and the overall economy. What will it mean for the mortgage lending industry? Banks on the Run Despite once again being among those receiving the most in bailout funds, they, as usual, don’t seem to have any intention of passing …
The Virus Impact on the Mortgage Lending Industry Read More »
Next to collecting rent, protecting your investment is one of the most important things you can do as a landlord. Requiring renters insurance is a step that not many DIY landlords take, but is one that may prove to be the protection that your property needs. Even if you do your best to ensure that your …
Why All Landlords Should Require Tenants to Purchase Renters Insurance Read More »
Vacation rental owners nationwide are dealing with the impact of the coronavirus while their properties sit empty. Jenn Cook has two rental properties in Florida that were booked into the summer season before the pandemic began. “I mean, pretty much all of our pending reservations, canceled, every single one of them. As soon as they started to …
Vacation rental owners say there’s ‘no light at the end of tunnel’ amid coronavirus Read More »
“Many Airbnb hosts are desperate to sell properties, say real-estate brokers like Greg Hague, who runs a Phoenix real-estate firm. “There’s been a flood of people. You have people coming to us saying, ‘I’m a month or two away from foreclosure. What’s it going to take to get it sold now?’ ” he said. That …
Breakdown of the Airbnb Eeconomy Could Strain Lenders & Undermine Property Values Read More »
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