coronavirus

Experts Say Don’t Worry. They Will Make It Out There In The Coming Years

Today’s News Synopsis: Where’s all the missing homes for sale?  Mortgage rates increased slightly with 30-year rates now at 3.18% and 15-year rates at 2.62%.  In some good news, jobless claims fell to their lowest since March to 1.9 million. In The News:   Freddie Mac – “Mortgage Rates Tick Up Slightly” (6-4-2020) “Freddie Mac (OTCQB: …

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How Industry CEO’s Say They Will Address Racism In Real Estate And In Their Offices

Today’s News Synopsis: Real estate leaders speak out against racism.  Working from home could actually help start a housing boom in the suburbs and smaller cities.  Buyers and sellers are returning to the market according to a recent Zillow Weekly Market Report. In The News:   MarketWatch – “Is this a good time to buy …

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There Are A Few Things Your Lender Wants You To Know

Today’s News Synopsis: Getting a mortgage during the pandemic?  Mortgage rates decreased again to another all-time low with 30-year rates now at 3.15% and 15-year rates at 2.62%.  Despite an increase in foreclosure moratoriums, the amount of zombie properties holds steady. In The News:   Freddie Mac – “Mortgage Rates Hit Another All-Time Low” (5-28-2020) …

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Two Words: Larger Space

Today’s News Synopsis: How will the coronavirus affect our future habits and social behaviors?  The Mortgage Bankers Association reported mortgage applications decreased 2.6% from last week.  April and May saw an increase in bidding wars with 41% of Redfin offers facing this in the midst of the pandemic. In The News:   Redfin – “41% …

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Yes, But At A Slower Pace

Today’s News Synopsis: Has the mortgage forbearance curve flattened?  Despite yesterday’s story that builder confidence has improved, housing starts decreased to their lowest level in five years last month.  Even in the midst of the pandemic, most real estate investment trusts are still receiving their rent….minus retail. In The News:   MarketWatch – “Housing starts …

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