private money

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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The Hot List

Today’s News Synopsis: shows us with markets remained strong even in the midst of the pandemic.  Mortgage rates remained relatively the same, only up ticking slightly with 30-year rates now at 3.28% and 15-year rates at 2.72%.  New home purchase applications decreased by 12% according to the Mortgage Bankers Association. In The News:   …

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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: – “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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iBuying is Back

Today’s News Synopsis: Which sector of the real estate industry is already doing business again, creating new features allowing people to sell their homes?  Mortgage rates went up a little this week with 30-year rates now at 3.26% and 15-year rates at 2.73%.  77% of potential homeowners place to sell one the stay-at-home orders are …

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People Are Wanting To Buy Again

Today’s News Synopsis: Mortgage applications increased 0.1% from last week, showing a recovery in homebuying amidst lower mortgage rates.  One company that has started homebuying again using the ibuying platform is Offerpad.  Residential construction could see more drones being utilized. In The News: – “Home-Buying FAQ: Your Top Questions About Purchasing Property During …

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