Mortgage rates have continued to drop for several months, contributing to a red-hot housing market with buyers hoping to take advantage of the low rates. A recent survey from Freddie Mac shows rates have hit a new record low.
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Fifty-nine percent of new single-family rental home residents relocated from urban residential environments in the third quarter.
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Growth rates in expensive cities remain negative but are improving.
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NMHC’s latest report on nationwide rental collections comes weeks before the CDC’s nationwide eviction moratorium expires.
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Industry groups are eyeing the potential for attaching relief funding to a spending bill needed to avoid a government shutdown.
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Home prices look like they will continue to rise in 2021 according to realtor.com, but at a slower, more normal pace than they did in 2020. However, interest rates are slated to rise, as well, creating challenges for first-time buyers.
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The data analysts at Black Knight on Friday published weekly forbearance numbers. Due to the Thanksgiving holiday, the data covered activity through Monday (November 23) as opposed to the usual one-week period.
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COVID-19 has had a massive impact on home prices this year as inventory runs low and demand runs high.
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As foreclosure moratoria expire in 2021, depending on actual and anticipated extensions, there are a couple of likely scenarios for servicers, says real estate investor and contributor to Millionacres, a Motley Fool publication, Liz Brumer.
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While a home insurance policy is a must-have for any residential property owner, more than a few homeowners lack a proper understanding of what their policies cover.
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