According to the latest figures from the USDA’s Rural Development agency, the number of loans under its single-family guaranteed loan program at the midyear mark is up 38 percent from the same point a year ago.
Despite lifelines thrown their way by Congress, the Urban Institute counts roughly 400,000 homeowners who are delinquent on their mortgages, but who have failed to take advantage of any payment forbearance programs.
Two relatively small housing submarkets are starting to show signs of strengthening. One of those markets: renters looking for more space, both inside and out. The other: people looking to get away from it all, if only for a few weeks.
Housing prices are rising so fast around the country – “too fast,” as the chief economist at the National Association of Realtors said recently – that they are all but obliterating any gains buyers are seeing from record-low interest rates.
There’s nothing wrong with trying to sell a house during the holidays. It’s as good a time as any – maybe even better. Just remember that less is always more.
Surprisingly, 60 percent of Americans are open to sharing a house with specters and spooks. So what are the disclosure laws around ghosts?
Is your colleague packing? Not filling boxes to help clients move, but “packing heat” – as in carrying a gun? Many agents are doing just that these days to protect themselves, according to the National Association of Realtors.
There’s good news for mortgage applicants who don’t fit into the precise mold demanded by Fannie Mae and Freddie Mac: After pulling back at the start of the pandemic in March, other lenders are returning to the market.
Most professions restrict the payment of referral fees. But they run rampant, and are somewhat controversial, in real estate.
Sellers who need to bring their kitchens up to date, repair foundation cracks or make other fixes before putting their places on the market might not have to reach into their own pockets to do so.
Add a former get-rich-quick-with-real-estate pitchman on the A&E cable network to the laundry list of realty gurus who have found themselves in the crosshairs of the country’s top consumer watchdog agency.
Private contractors operate 202,000 units on 80 bases across the country, often with little or no oversight and not-infrequently unhealthy housing.
The number of homeowners seeking mortgage forbearance fell for at least eight straight weeks this summer. But that decline masks a couple of other important trends.
Buying sight-unseen doesn’t mean you have to go into the transaction blindfolded. There are several ways you can protect yourself against the possibility the house you’re after isn’t what you thought it was.
With mortgage rates falling below 3 percent for the first time in five decades, would-be homebuyers are chomping at the bit to get out there and find new places. But when they finally do jump off the sidelines, they’re likely to find slim pickings.
Would-be buyers who venture forth over the next several months are likely to find the number of houses for sale so sparse that they’ll end up bidding against each other for the best properties.
Investors in private mortgages are licking their chops over what some see as a pending tidal wave of note sales in the coming months.
There’s lots of good information on real estate websites, but ratings of individual agents probably aren’t worth much.
Buyers these days go online to discover what’s available. And with the pandemic still very much a concern, they tend to visit the houses they find appealing by taking a virtual tour rather than an in-person look-see.
Community groups like the National Community Reinvestment Coalition, the California Reinvestment Coalition and legal oversight group Democracy Forward say the Trump administration has been keen on gutting the CRA.