forbearance

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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Industry Looks To Address Long-Term Problems

Today’s News Synopsis: Real estate promises change.  According to CoreLogic, home prices increased 5.4% year-over-year in April, but they are expected to increase again next year.  The share of mortgage loans in forbearance increased to 8.46%. In The News:   CoreLogic – “Home Prices Predicted to Decrease in the Next Year” (6-2-2020) “National home prices …

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What Can You Do To Buy In A Downturn?

Today’s News Synopsis: Despite the downturn and pandemic, real estate remains a top choice for investors.  Forbearance requests increase as unemployment reaches record highs.  New home listings are making a comeback, specifically high-end homes. In The News:   Realtor.com – “Homebuilders Are Now Offering Deals, Incentives on New Construction to Lure Buyers” (5-12-2020) “Mike and Crystal Green couldn’t …

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The Norris Group Real Estate News Roundup 1/12/12

Today’s News Synopsis: In a big news story, foreclosures are at their lowest level since 2007, according to RealtyTrac.  Another thing at a record low right now is 30-year fixed mortgage rates, which are now at almost 4%.  Realty Times reported that Freddie Mac extended the forbearance for mortgage servicers. In The News: Bloomberg – …

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