Vacation Home Sales are Getting a Pandemic Boost
Vacation home sales are outperforming total existing-home sales. Sales of homes intended for vacation use rose to 109,100 in the past three months of July-September, a 44% gain from the level of 75,600 sales during the same period last year www.nar.realtor – Vacation, Resort, and Second Homes
Housing Affordability Declines in September 2020 as Median Family Prices Continue to Surge
At the national level, housing affordability declined in September 2020 compared to a year ago but rose compared to August. www.nar.realtor – Research
Nice Bounce Back For Mortgage Rates After Rocky Start This Week
Posted To: Mortgage Rate Watch Earlier in the month, mortgage rates rose somewhat abruptly as lenders got in a defensive position ahead of the election. They’d learned in 2016 just how volatile the bond market (the key ingredient in the rate movement equation) could be after an election and it made sense to minimize exposure […]
Serious Delinquencies Set Records as Early Rates Trend Down
Extremely serious delinquencies, those loans 150 days or more past due, reached historically high levels in August. Five months into the COVID-19 crisis, Corelogic said the rate of delinquencies among those loans spiked to 1.2 percent, the highest level since at least January 1999, which we assume is the limit of the company’s records. CoreLogic […]
Vendor, Warehouse, Broker Products; Company-Sponsored Training; Climate Change Impacting Servicing Values?
We don’t know much so far about the election results besides the pollsters being, once again, wrong on a national scale, and (so far) yesterday being mostly gratifying for Republicans. I have one question: After this quarantine… Will the producers of My 600-Lb. Life just find me, or do I find them? My weight isn’t […]
Forbearances at Their Lowest Level Since April, But There’s a Catch
Another round of expirations reduced the number of active forbearance plans last week. Black Knight said the number of homeowners in COVID-19 related plans fell by 137,000 during the week, after a slight uptick the week before. The 5.0 percent improvement was about what was expected for the first week of the month. At the […]
Resort and Second Home Real Estate Market Trends
These slides were presented by Gay Cororaton at the virtual Resort and Second Home Committee meeting on November 6, 2020, during the 2020 REALTORS® Conference & Expo. www.nar.realtor – Vacation, Resort, and Second Homes
Tips for Deep Cleaning a Home
Keeping a home spic and span can be a time and energy consuming process. However, there are many ways to get and keep a home immaculately clean without breaking a sweat. www.nar.realtor – Real Estate Story Ideas
Is the Status Quo Really a Problem?
Hear Matt Difanis share his thoughts about whether the status quo is even a problem with respect to housing discrimination and racial equity issues. **This video includes uncensored examples of hate speech. Viewer discretion advised!** www.nar.realtor – Fair Housing
Next Week Could be Crazy (Obviously); Fannie/Freddie Report Higher Profits; Forbearances Increasing or Just Reinstating?
Both GSEs reported financial results for the third quarter of 2020 that were significantly higher than both their Q2 2020 and their 2019 numbers . Fannie Mae’s net and its comprehensive incomes were $ 4.2 billion and Freddie Mac’s net and comprehensive incomes came in at $ 2.5 billion and $ 2.4 billion, respectively. Fannie […]