Homebuilding Is Booming – But Will It Be Enough?
While new-home numbers are up 8% year-to-year, it’s still not enough compared to buyer demand – but an uptick in permits suggests things will get better.
More Buyers Renting Airbnbs to Test Out Neighborhoods
City dwellers considering a move to the suburbs often wonder if it’s really a good decision. To find out, more are now booking two-week-plus Airbnb rentals first.
Many Buyers Also Considering an Area’s Political Profile
Survey: Americans, especially young adults 18-34 years old, want neighbors who politically agree with them – a variable that can become part of their decision-making.
NAR: Sept. Existing-Home Sales Soar 9.4%
Americans are buying homes. Sales rose 22% year-to-year as inventory hits a record low (2.7 months) and more than 70% of homes were on the market less than a month.
Some Multifamily Borrowers Struggle to Find Small Loans
How many renters aren’t paying rent? That question causes lenders to pause, and many have tightened requirements for small-unit apartment acquisitions or refinances.
FHA Extends Forbearance – Requests Accepted Until Dec. 31
Homeowners facing financial challenges caused by the pandemic now have until Dec. 31 to request forbearance if they have an FHA loan. A forbearance approval would allow them to avoid monthly payments in increments that could potentially last up to a full year.
If You’re Going to Write a Blog, Make Sure It’s Read
What blog post topics pull in the biggest audience? For marketing, webinars, roundups (several writers), guides and e-books, and interviews top the list.
Who Actually Gets Those Low Advertised Mortgage Rates?
It pays to shop around for the best mortgage rate – but it pays more now. Lenders are facing wildly different challenges, and their rates vary more than usual today.
HUD Awards Fla. 24 Home-Counseling Grants, Total of $395K
Counseling could help first-time homebuyers qualify for a loan and give them information they need to keep and maintain their home after purchase.
5 Credit-Score Mistakes That Last a Long Time
Buyers trying to boost their credit score to secure a mortgage realize some things can be corrected quickly – but others hang onto a credit score for years.