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Housing Market Updates

27 Jan

Posted at 11:00h in Blog, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates by
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According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right...

21 Jan

Posted at 11:00h in Blog, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates by
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Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to...

14 Jan

Posted at 11:00h in Blog, For Buyers, For Sellers, Housing Market Updates, Interest Rates by
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The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from...

13 Jan

Posted at 11:00h in Blog, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales by
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At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan....

05 Jan

Posted at 11:00h in Blog, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing by
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The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal...

22 Dec

Posted at 11:00h in Blog, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Rent vs. Buy by
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Over the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them. 1....