Lew Sichelman

Lew Sichelman

Special to Banker & Tradesman

Lew Sichelman can be reached at lsichelman@twg.com

Many Still Not Aware of Forbearance Options

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 Housing Subsectors Set to Strengthen 

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.

High Prices Offset Gains from Low Rates

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.

Why Some Agents Carry Guns

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.

Buying Sight Unseen? Don’t Wear Blinders

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.

Compete to Win in Bidding Wars

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.

How to Survive a Bidding War

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.

How to Create a Video Tour

How to Create a Video Tour

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.

OCC’s ‘Fix’ Weakens Anti-Redlining Law

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.