FHFA Extends Forbearance, Foreclosure and Eviction Moratoriums
At-risk homeowners can now postpone mortgage payments (via forbearance) for 15 months. Foreclosure and REO-related eviction bans run until March 31.
Study: Does Affordable Housing Lower Nearby Home Values?
Redfin economists analyzed 220K sales in 26 metros over a 13-year period. In most suburbs (18 of the 26) they found no appreciable price difference after affordable housing was built – and in four metros, local prices actually rose higher. But it also lowered prices in four metros.
New Program Encourages More Black RE Agents
NAREB says that 6% of real estate agents are Black, and a program sponsored by HomeLight will support and encourage new Black agents to enter the business.
Increase Retention and Sales by Bestowing Annual Awards
On “The Office,” Michael Scott awarded “Dundees” to everyone. While his execution failed, the idea is sound. Awards build loyalty, honor sales and promote retention.
New Homes: Housing a Bright Spot, Affordability a Concern
NAHB 2021 forecast: Expect strong demand and sales – but regulatory and supply-side cost challenges could slow momentum, limit growth and hurt affordable housing.
More Mortgage Applications Are in Second-Home Markets
An analysis of Optimal Blue data for mortgage applications found an 84% year-to-year growth in second-home loans – more than double the increase for primary homes.
Financial Success: Setting Rules Can Be Simple
It takes planning for long-term success and eventual retirement, and a straightforward set of guidelines can keep independent contractors on track.
Should You Text or Call? If in Doubt, Type It out
20 years ago, important info demanded a phone call – but more people now think texts are for important messages because phone calls are easier to forget or ignore.
Condo Q&A: How Can We Limit Lengthy Debates at Meetings?
Also: Can associations lend money to each other and charge interest? And how did emergency powers affect board elections?
3 Major Home Insurance Mistakes to Avoid
Homeowners trying to cut costs often focus on property insurance and cutting back will save money. But if something happens, they’ll regret it.