Residential Real Estate
Manhattan rental market plunges, leaving 15,000 empty apartments in August
Hopes for a rebound in the fall or the end of 2020 look increasingly unlikely. Although rental prices have come down, the discounts are not steep enough yet to lure new renters back to the city….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to […]
CRM, Marketing, Fraud Products; Mortgage Apps Move Higher; LO Jobs
Posted To: Pipeline Press Tom Petty sang, “There’s somethin’ good comin,’ just over the hill, somethin’ good comin’, I know it will. And I’m in for the long run, wherever it goes, ridin’ the river, wherever it goes .” Lenders always walk a knife-edge between wanting good economic times for their customers, and having them […]
CFPB Goes After 6 VA Lenders for Shady Practices
The Consumer Financial Protection Bureau (CFPB) has been on a two-month enforcement tear aimed at mortgage lenders employing deceptive practices in the VA mortgage lending area. The Bureau has issued consent orders against six companies since late July in what it terms a “sweep” in response to concerns about potentially unlawful advertising in the market […]
Forbearances Decrease by 4%; CFPB Goes After VA Lenders; Strong Case For Locking a Rate
The number of homeowners with mortgages in COVID-19 related forbearance plans dropped during the week ended September 1 after several weeks when there was little change. Black Knight said its weekly survey found 147,000 fewer borrowers in plans than the previous week, a decline of about 4 percent. The company says last week’s decrease means […]
REALTORS® Confidence Index Survey: February 2019 Highlights
First-time buyers accounted for 32 percent of sales (29 percent in February 2018). www.nar.realtor – Vacation, Resort, and Second Homes
Top 1% Work from Home Counties
The coronavirus pandemic period has shown that workers can work at home productively given the state of technology that enables workers to access their work files from anywhere, collaborate, and stay connected. This means that working from home or remotely is likely to become part of the workforce culture. www.nar.realtor – Research
Rising Financial Wealth Boosts Demand for Vacation Homes
Many homeowners buy a second home expecting to use it for family vacations, as a rental, to gain equity, or – upon retirement – a future primary residence. www.nar.realtor – Vacation, Resort, and Second Homes
Commercial Redevelopment: Building a Bridge to Fair Housing & Thriving Communities
This panel will explore commercial real estate’s role in building inclusive and thriving communities and share best practices for REALTORS®. Recorded Tuesday, August 18, 2020 as part of Leadership Summit. www.nar.realtor – Fair Housing
Layoffs declined slightly to 1 million last week
A drop in claims for unemployment checks implies that even with new layoffs there are job creations and people are able to come off unemployment. www.nar.realtor – Research
One Together: Building Strong Inclusive Communities (What’s It Going to Take)
Join NAR 2020 President, CAR CEO Michelle Mills Clement and one of the nation’s most preeminent scholars, Dr. Eddie Glaude of Princeton University, as they discuss challenges facing Chicago and cities across the country, and what everyone in the REALTOR® Family can do now. Recorded Tuesday, August 18, 2020 as part of Leadership Summit. www.nar.realtor – […]