What Type of Homeowner Opted for Forbearance?
About 4M owners chose to delay monthly mortgage payments using forbearance, and 1 in 3 (34%) used the money for essentials. Many now worry about what comes next.
Expanding Economy Makes Foreclosure Wave Less Likely
Two-thirds of homeowners in forbearance have already started making monthly payments – and March had the best single-month improvement in delinquencies in 11 years.
Realtors Property Resource Adds AARP Livability Index
The index offers insight into local transportation, health services and social life. AARP also hopes it gets younger buyers to consider a home’s longer-term benefits.
Fannie, Freddie to Create ‘Living Wills’ in Case They Fail
The lending giants keep mortgage originations humming but failed during the Great Recession and the feds took over. They must now create a Plan B in case it happens again.
What Will Exurb Buyers Do if Called Back to the Office?
Pandemic-era buyers moved farther out and to new cities, assuming they’d never have to return to the office. Now, if forced to choose, 25% would pick home over their job.
Investment Firm CEO: Corporate Awakening on Race No Fad
A $1T investor in real estate, stocks and other assets says concern about racism and climate change isn’t just altruism. Many companies see it impact their bottom line.
New York City to Fla. Relocations: Flight or Hype?
Florida Realtors economist: Florida’s population benefited from residents leaving New York City, but other states experienced gains too – some with triple-digit increases. With Fla. migration, residents of NYC’s Manhattan flocked in the highest numbers.
NAR: 99% of Metros Had First-Quarter Home Price Gains
About 1 out of 10 metros had double-digit home price gains. NAR economist: They’re happening in all markets, big and small, even metros long considered off-the-radar.
Fla. Host of ‘Zombie House Flipping’ Can’t Find Homes to Flip
Justin Stamper says he’s digging through court cases to find flippable homes, but even those owners say, “‘Get off my phone! You’re the 26th person to call me today!’”
Fla.’s Housing Market: Sales, Median Prices Up in 1Q 2021
Florida Realtors’ data: Single-family home sales up 19.4% year-over-year, median sales price up 17.6% to $317.5K; condo sales up 37%, median price up 14.8% to $235.4K.