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Thousands could soon lose – or sell – their homes as Covid mortgage bailouts expire

Published by CNBC Business, Real Estate | December 2, 2021 The bailouts allowed millions of homeowners to miss payments, some for up to 18 months. Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. The federal government, big banks and mortgage servicers started emergency programs when …

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A Record Year in Real Estate Sales

Covid-19 / By W. J. Mencarow

Published by REALTOR Magazine | November 12, 2021 When 2021 is over, it will have seen the highest level of home sales in 15 years. So said National Association of REALTORS® Chief Economist Dr. Lawrence Yun, speaking at the Residential Economic Issues and Trends Forum Friday during the 2021 REALTORS® Conference & Expo. Yun expects …

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Foreclosure Activity Sees 6th Consecutive Increase in Q3

Covid-19, Mortgages / By W. J. Mencarow

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 W. J. Mencarow

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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As Pandemic Fades, Many Tenants See Big Hikes

Covid-19, Investments, Rental Property / By W. J. Mencarow

Published by CNBC | November 1, 2021 As the period of discounted rents in cities comes to an end, many tenants are bracing for steep increases that could force them to leave their homes. Like many other renters during the pandemic, Trish DaCasta nabbed an apartment that she normally couldn’t afford. The upgrade was a …

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10 Markets Where Home Prices Are Surging Most

Covid-19 / By W. J. Mencarow

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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Investors Bet Flexible Leases Are a Lasting Trend

Covid-19, Rental Property / By W. J. Mencarow

Published by REALTOR Magazine | October 6, 2021 Remote work sparked a demand for short-term housing with flexible terms. Investors believe one pandemic-related trend will offer up long-term results: short-term apartment leases. They’re rushing to invest in such buildings that can offer flexible short-term apartment rentals, even as more workers return to the office. Over …

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Biden Admin Extends Additional Mortgage Relief Options for FHA Loans

Covid-19, Mortgages / By W. J. Mencarow

Published by FOX Business | September 30, 2021 The Federal Housing Administration (FHA) has announced new forbearance options for homeowners who are struggling to make their mortgage payments. The Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced Monday the extension and addition of new COVID-19 mortgage relief options for homeowners with …

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Landlords From Florida to California Are Raising Rent Prices at a Record Pace

Covid-19, Rental Property / By W. J. Mencarow

Published by Bloomberg | August 18, 2021 The dramatic conditions for U.S. homebuyers during the past year are now spilling into the market for rentals. Soaring prices. Competition. Desperation. The dramatic conditions for U.S. homebuyers during the past year are now spilling into the market for rentals. Landlords from Tampa, Florida, to Memphis, Tennessee, and …

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Some Landlords Seek Exit Strategy During Eviction Ban

Covid-19, Rental Property / By W. J. Mencarow

Published by Florida Realtors | August 19, 2021 Many smaller landlords are losing sleep, doing their own repairs, and some are even selling property, which could further dent the U.S.’s supply of affordable housing. When Ryan David bought three rental properties back in 2017, he expected the $1,000-a-month he was pocketing after expenses would be …

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