Published by Forbes | July 27, 2021 There is no bubble to burst, though prices may retreat from panic-buying highs. The current housing boom will flatten in 2022—or possibly early 2023—when mortgage interest rates rise. There is no bubble to burst, though prices may retreat from panic-buying highs. The boom produced some frantic buying, bids …
FORBES: Housing Boom Will End When Mortgage Rates Rise In 2022 Read More »
Published by FOX Business | July 23, 2021 Pandemic relief programs for homeowners are set to expire in coming weeks, months The Biden administration has unveiled plans to expand aid for homeowners with government-backed mortgages, an effort to stave off a wave of foreclosures for Americans who fell behind on payments during the coronavirus pandemic. …
White House Unveils New Measures to Stave Off Foreclosures Read More »
Published by REALTOR® Magazine | July 13, 2021 Housing affordability continues to decline as the hot real estate market fuels skyrocketing prices. Incomes aren’t keeping pace with the higher prices. The median family income rose by 1.2% in May while the monthly mortgage payment jumped by 20%, according to the National Association of REALTORS®’ Housing …
Mortgage Costs Grow 20 Times Faster Than Incomes Read More »
Published by Breitbart | June 29, 2021 Home prices in April jumped 14.6 percent compared with a year ago Home prices in April jumped 14.6 percent compared with a year ago, up from a 13.3 percent rise in March, according to an updated report by the S&P CoreLogic Case-Shiller National Home Price Index. This is …
Published by The New York Post | June 29, 2021 The Supreme Court has ruled that a moratorium on evictions imposed by the Centers for Disease Control and Prevention due to the coronavirus pandemic can remain in place through the end of July. The Court ruled 5-4 to reject a request by a group of …
Supreme Court Leaves CDC Eviction Ban in Place Through July 31 Read More »
Published by REALTOR Magazine | May 14, 2021 Low mortgage rates have helped with housing affordability at a time when home prices have surged by double-digit percentages over the past year due to increasing buyer demand. The average for the 30-year fixed-rate mortgage remained below 3% this week, but economists warn that rates in the 2% range likely …
Published by REALTOR Magazine | April 29, 2021 The program is geared to homeowners with single-family, Fannie Mae or Freddie Mac-backed mortgages. The Federal Housing Finance Agency is giving low-income homeowners who missed out on the refinancing boom last year another chance. FHFA announced a program this week that will help low-income homeowners with government-backed …
FHFA to Help Low-Income Owners Cut Mortgage Costs Read More »
Published by REALTOR Magazine | April 16, 2021 There are eligibility requirements and caps that young pros will have to meet. Young professionals on the hunt for a new location may find incentives from states—even offers to pay off their student loan debt in exchange for purchasing a home. Illinois and Maryland recently launched “SmartBuy” …
Published by The Palm Beach Post | April 8, 2021 The sizzling housing market is a double-edged sword for Realtors. Glossy mailers, cold calls and text messages — if you are a homeowner, you’ve probably received more than one gauging your interest in selling your home amid what is the hottest real estate market in more …
Published by REALTOR Magazine | April 6, 2021 The CFPB estimates that 1.7 million borrowers could be at risk of foreclosure by September. Concerned a foreclosure wave is on the horizon, the Consumer Financial Protection Bureau recently proposed a rule that would prohibit mortgage servicers from foreclosing against delinquent borrowers for the remainder of this …
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