You Can Still Save for a Down Payment On Your Mortgage

Today’s News Synopsis:

Where’s the best place to put your money if you are saving up for a down payment.  Zillow expects home prices to rebound next year following a dip this year.  ATTOM Data Solutions gives us the top 10 metros that saw the greatest gains in the home seller prices.

In The News:


ATTOM Data Solutions “Top 10 Metros with Greatest Home Seller Price Gains” (5-4-2020)

“As featured in ATTOM Data Solutions’ Q1 2020 U.S. Home Sales Report released this week, home sellers nationwide realized a home price gain of $67,100 on the typical sale during the first quarter of 2020.” “Saving Up for a Down Payment? Here’s Where To Put Your Money” (5-4-2020)

“The coronavirus crisis has heightened financial anxiety and uncertainty. But if buying a home has been part of your life plan, there’s no need to panic.”

HousingWire “Fannie Mae, Freddie Mac are preparing to cover servicers’ advances on loans in forbearance” (5-4-2020)

“When the Federal Housing Finance Agency announced last month that servicers who collect payments on mortgages backed by Fannie Mae and Freddie Mac will only be required to cover four months of missed payments on loans in forbearance, the big question was what happens when that four-month period is over.”

Forbes “HUD Allocates A Second Round Of Relief Funds To Help Public Housing Residents” (5-4-2020)

“The Department of Housing and Urban Development announced on May 1 that it will provide a second round of emergency relief funding for eligible low-income families and individuals living in public housing.”

Apartment Therapy “11 Work From Home Productivity Tips From Marie Kondo’s New Book ‘Joy at Work'” (5-4-2020)

“Lately, the idea of an office has shifted from a physically shared area to a designated space at home that you virtually share with coworkers. This switch is anything but easy—especially for those who have never worked from home before—and requires some rethinking of what a productive work area should be.”

CNBC “I just refinanced my mortgage, despite coronavirus. Here’s what I learned” (5-4-2020)

“The woman who approached our doorstep Monday morning was wearing a mask, her eyes doing their best to smile a greeting. She was hugging a folder and a bundle of papers.”

Zillow “Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year” (5-4-2020)

“Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2-3% — or more than 1.7% year over year — in the wake of the coronavirus, according to a forecast released today by Zillow®.”


California Real Estate Investor Events

Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing With NorcalREIA on Wednesday, June 10.

Bruce and Aaron Norris will be presenting Keep-Sell-Create in Sacramento on Saturday, June 20.

The Norris Group presents its award-winning black-tie event I Survived Real Estate 2020 on Friday, September 18.


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