Forbearances Up Slightly After Last Week’s Plunge
Last week Black Knight reported that the beginning of October saw a decline in the number of active forbearance plans of 649,000 or 18 percent as many plans reached the end of their initial period. It was the largest single week decline since the crisis began. This week the number of loans in forbearance edged […]
Second Century Ventures Opens Applications for REACH Australia’s 2021 Class
Applications Open for REACH Australia’s 2021 Class Following the success of its inaugural 2020 class, REACH Australia expects an even higher volume of applicants for the 2021 program. Media Contact: Wesley Shaw 202-383-1193
NAR’s Second Century Ventures Selects Inaugural REACH Canada Class
REACH Canada’s Inaugural Class Selected The award-winning program helps launch and accelerate high growth potential companies associated with the real estate industry. Media Contact: Wesley Shaw 202-383-1193
Pandemic and Recession are Changing the Way People Rent and Buy
Robert Dietz says you can count him as among those who believe the geography of housing demand is being changed by the pandemic and the resulting recession. He also thinks some of the changes will endure beyond the dual crises. Dietz, chief economist of the National Association of Homebuilders (NAHB) says the changes aren’t solely […]
Housing Affordability Weakens in August 2020 as Home Prices Rose Faster than Median Family Incomes
At the national level, housing affordability declined in August 2020 compared to a year ago and fell compared to July. www.nar.realtor – Research
Window to the Law: Showing Guidance During a Pandemic
In-person showings can be a potentially risky activity, as the coronavirus is still actively spreading in many parts of the country. By following a few key guidelines, real estate professionals can serve the best interests of their clients in selling or buying a home, while also protecting the health and wellbeing of all concerned. www.nar.realtor […]
Rates Remain Steady as Market Volatility Dies Down
After rising at a medium-quick pace to begin the week, the past 3 days have been much calmer by comparison for mortgage rates . Today was the best example of that stability with the average lender effectively unchanged from yesterday’s latest levels. In addition, there were fewer mid-day price changes among lenders than on any […]
Update: Framing Lumber Prices Up 65% Year-over-year
Here is another monthly update on framing lumber prices. This graph shows CME framing futures through Oct 2nd. Click on graph for larger image in graph gallery. This is down sharply from late August, but still up 65% year-over-year. There is a seasonal pattern for lumber prices, and usually prices will increase in the Spring, […]
Younger Agents Join the National Association of REALTORS®
Younger Americans are entering the real estate industry; 29 percent of REALTORS® have less than two years of experience. www.nar.realtor – Real Estate Story Ideas
Rates Ignore Trump’s Covid Diagnosis. Has The Bond Market Gone Crazy?
After weeks of incredibly subdued volatility, the bond market (which dictates rates) is starting to show some signs of life, but not for the same old reasons. Inflation? Inflation is one of the oldest and most significant reasons to freak out about interest rates. It was by far and away the dominant source of drama […]