private money

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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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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Has The Pandemic Shifted The Home-Buying Season From Spring To Summer? #499

 Real Estate News Recap: Mortgage Applications Increase in Latest MBA Weekly Survey Pending Home Sales Slump 21.8% in April Mortgage Rates Hit Another All-Time Low Summer is the new home-buying season Newly Built Homes Make Up Largest Share of Market Since at Least 2012 Fannie, Freddie Launch Resources on COVID-19 Relief Options How the …

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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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COVID-19 Relief Options

Today’s News Synopsis: Fannie and Freddie launch resource sites.  The Mortgage Bankers Association reported mortgage applications increased 2.7% from last week.  How are boomers’ plans for retirement being impacted by the coronavirus? In The News: Realtor.com – “How the Coronavirus Is Changing Some Boomers’ Real Estate Plans for the Better” (5-27-2020) “For baby boomers, the …

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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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