FAU Economist Says Homes ‘Less Overpriced’ in July
The overheated market may be slowly cooling. Even if July numbers just reflect the usual summer slowdown, it could mean traditional patterns are starting to return.
Mortgage Lender Gives $500K Discount to Vaccinated Borrowers
Neat Loans says COVID-19 created a new health risk for borrowers, and the credit is one way to lessen the chance that one of its loans will go into foreclosure.
Frustrated House Hunters Give Up on Buying a Home
Buyers stressed by bidding wars and limited listings are often worn thin, and unprepared to handle the roster of “normal” things that can threaten to upend a transaction.
Lumber Prices Plummet – But Other Building Costs Soar
The all-time high cost of $1,700 for a thousand board feet has dropped to $500, but steel products are up 10.8% and gypsum (for drywall) is up almost 16% this year.
A Secret Bias Hidden in Mortgage-Approval Algorithms
An investigation found lenders still strongly favor white borrowers, but it raised a new question: What if a lender isn’t biased but its data, notably credit scores, is?
Eviction Ban Ends – Realtor Groups Win in Supreme Court
In late June, the U.S. Supreme Court ruled that the CDC overstepped its authority in issuing an eviction moratorium, and it reiterated that opinion yesterday, ending the current ban. Justices didn’t disagree with the ban’s intent but said Congress “failed to act in the several weeks leading up to the moratorium’s expiration.”