Published by REALTOR Magazine | March 23, 2021 Buyers are feeling a greater sense of urgency as mortgage rates begin to rise. The buying frenzy continues as multiple offers become the norm and buyers offer thousands or tens of thousands above the asking price to try to get the home they want. In many cases, …
Texas Home-buying Frenzy Leads to 97 Offers on One Listing Read More »
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 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 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 »
Originally published by REALTOR.com | February 10, 2021 Homeowners must already be in forbearance on their mortgage by Feb. 28 to qualify for the three-month extension. The Federal Housing Finance Agency is extending the length of time that borrowers can be in a COVID-related forbearance on mortgages back by Fannie Mae and Freddie Mac. Originally, …
Borrowers With Fannie Mae, Freddie Mac Mortgages Can Get Additional Forbearance Read More »
Originally published by REALTOR.com | February 16, 2021 Political actions have both a direct and an indirect impact on the housing market. There’s a new political party in charge in Washington, D.C., one that hopes to make some big changes in the U.S. economy, including tax reform. While the initial priorities of the Biden administration …
Political Power Shift Could Generate Changes in the U.S. Luxury Housing Market Read More »
Published by USA Today on February 16, 2021 The foreclosure moratorium was set to expire March 31 and is now in place through June 30. President Joe Biden on Tuesday extended a ban on home foreclosures for federally backed mortgages by three months and expanded a mortgage relief program in a push to stabilize the nation’s housing affordability crisis amid the COVID-19 pandemic. The foreclosure moratorium was set to …
President Biden extends mortgage relief, ban on home foreclosures through June Read More »
Published by FloridaRealtors.org | February 4, 2021 ORLANDO, Fla. – Homebuilding experienced “a surprise year of growth” in 2020 despite the pandemic, but new home construction this year will be constrained by supply-side factors like higher lumber costs, a shortage of lots and regulatory issues, according to Dr. Robert Dietz, chief economist and senior vice president …
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