Fannie Chair Warns Owners: Don’t Take Out Too Much Equity
During the Great Recession, some owners treated their home like a piggy bank, later finding themselves underwater. Don’t make that mistake again, Fannie’s chair says.
Floridians’ Confidence Up in June After Dip in May
The UF gauge of Florida consumer outlooks fell in May but rose 1.5 points to 82.7 in June. Economist expects confidence to “keep recovering slowly in the months ahead.”
Home Price Increase: The Highest in More than 15 Years
The April Case-Shiller home price report found prices rising at their highest pace since 2005, and the forces pushing prices higher offer “little evidence of abating.”
U.S. Consumer Confidence Moves Higher in June
National consumer confidence has moved higher four months in a row, and June numbers hit their highest level since the start of the pandemic – in March 2020.
End for COVID-19 Hotel Housing Will Boost Homelessness
Cities drew from various federal pots to fund hotel rooms for the homeless during the pandemic – but now officials expect thousands will be back on the street.
NAR: Realtors Relief Foundation Announces 20th Anniversary
The Realtors Relief Foundation formed during the aftermath of 9-11. In the past 20 years, it’s helped over 17,000 families and distributed $33M in housing-related aid.
Remote Work Losing Luster as Employers Call People Back
What’s the future for office space? Employees are being called back to the office, but the new office-home balance likely won’t be clear until the end of the summer.
FHA Adds New Help for Homeowners Impacted by COVID-19
In addition to a foreclosure extension, owners with an FHA home loan now have forbearance extension options and can find help via FHA’s new outreach program.
CFPB Issues Rules to Create Smooth Forbearance Transition
The consumer bureau’s acting director, Dave Uejio, says the foreclosure-ban end will “drain billions of dollars in wealth from the Black and Hispanic communities.” The rules require lenders to assertively help homeowners stay in their homes and understand their options.
Getting Listings: Tips for Finding Off-Market Property
Before contacting a Realtor, homeowners may tell a few people that they’re planning to sell. How can you find these people and talk to them first?