Homebuyer Demand

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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HUD Is Raising Up-Front Fees and Tightening Program Limits in September

Today’s News Synopsis: Changes are coming to Reverse Mortgages says HUD.  Even the least expensive apartments are becoming too much for low-income renters to be able to afford.  Home prices in Southern California increased drastically in July by 7.7% despite short supply. In The News: Freddie Mac – “Freddie Mac to Suspend All Evictions and Foreclosures …

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