Blogs

The Housing Market's 'Remarkable Comeback'

19 October 2020
Mike Lembeck

Even as businesses begin to reopen, the unemployment rate remains a cause for concern among economists. That makes for much fiscal uncertainty.

'Flurry of Lawsuits' Challenge CDC Eviction Moratorium?

19 October 2020
Mike Lembeck

When the White House made an announcement—by way of the Center for Disease Control and Prevention (CDC) and the Department of Health and Human Services (HHS)—that it would put a new conditional eviction ban in place, many housing-industry experts anticipated pushback from property owners. Then the court cases, such as a Virginia landlord's suit against the CDC, started to surface.

'Storm Clouds' Gathering Over the Housing Market

20 July 2020
Mike Lembeck

The housing markets most vulnerable to impacts from the Coronavirus pandemic tend to be located along the West Coast, clustered around New York, Baltimore, and Washington, D.C., and numerous markets in the Chicago area, according to a special report from ATTOM Data Solutions.

Mortgage Delinquencies Hit Four-year High

20 July 2020
Mike Lembeck

The share of mortgage loans that became delinquent in April outpaces anything seen during the Great Recession and is the highest rate on record in 21 years, according to CoreLogic’s data. During the month of April, 3.4% of mortgages went from current to 30 days past due, outpacing the 2% high recorded in late 2008.

Foreclosure Filings Slowing in 2020

20 July 2020
Mike Lembeck

Foreclosure filing have sagged to an all-time low in the first six months of the year, according to ATTOM Data Solution’s Midyear 2020 U.S. Foreclosure Market Report.

Home Sales Surpass Pre-Pandemic Numbers

20 July 2020
Mike Lembeck

Redfin’s report on housing reveals that for the week ending on July 5, home sales rose once more. Specifically, home sales rose by 2% when compared to pre-pandemic home sales.

Unemployment Claims Rise to 3.2M

13 July 2020
Mike Lembeck

Weekly initial unemployment claims came in at 1.3 million for the week ending July 4, a decline of 99,000, according to the Department of Labor.

Purchase Rates Rise as Interest Rates Continue Declines

13 July 2020
Mike Lembeck

Interest rates fell from April to May, opening the door to that segment scoring the lowest average interest rate on 30-yer loans since January 2016, when Ellie Mae started monitoring the data.

FHA, FHFA Announce Extended Assistance for Homeowners

13 July 2020
Mike Lembeck

The Federal Housing Finance Agency (FHFA) announced that the GSEs—Fannie Mae and Freddie Mac—will extend several loan origination flexibilities until August 31. These flexibilities were set to expire on July 31, 2020.

Economists Confident About Housing’s Recovery

13 July 2020
Mike Lembeck

Details from a recent survey conducted by the National Association of Realtors (NAR) revealed that the vast 9 out of 10 of its expert members believe that the housing industry is on its way to recovery. While many states across the nation slowly edge toward reopening and the economy begins to climb its way out of its slump, hope seems to be on the rise among NAR’s agents.