Comparing single-family houses vs. townhouses can be difficult. What is the right fit for your home purchase? That depends on a whole host of factors — things like your budget, your need for space and privacy, and your penchant for
Mortgage forbearance rate ticks up to 5.49%
The U.S. forbearance rate measuring the share of mortgages with suspended payments increased for the second time in nearly six months from 5.48% to 5.49%, according to the Mortgage Bankers Association. According to Mike Fratantoni, MBA’s senior vice president and chief economist, more
FHA extends foreclosure and forbearance policies to 2021
Ten days ahead of the latest expiration date, the Department of Housing and Urban Development announced that the Federal Housing Administration is providing a two-month extension of its foreclosure and eviction moratorium, and initial forbearance requests through Feb. 28, 2021.
Servicers likely to keep foreclosures low in 2021
After nearly 40 million people became unemployed by May because of COVID-19, the housing industry, borrowers and the Federal Reserve quickly realized that without ample aid, things could quickly turn sour. However, servicers leveraged the lessons learned from the last
Real Estate Mortgage Notes: Investing For Higher Returns in 2021
Mortgage note investing is one of the best real estate investment opportunities available but it is rarely discussed. In this article, we shall discuss the various types of mortgage notes and how to invest in them. Real estate or mortgage
Thoma Bravo acquires RealPage for $10.2 billion
Private equity investment firm Thoma Bravo will acquire proptech company RealPage in a transaction valued at approximately $10.2 billion, including net debt, according to a release. The transaction, which was unanimously approved by the RealPage board of directors, is expected
How the latest stimulus impacts renters and homeowners
A second round of stimulus checks will be sent directly to citizens beginning next week, according to Treasury Secretary Steven Mnuchin. The $900 billion stimulus package negotiated by Congress over the weekend will include $600 individual stimulus checks for those making under
ALTA shakes up leadership team with staff promotions
Headed into 2021, the American Land Title Association announced the promotion of six of its staff members to new leadership positions. “I am incredibly proud of this team and thrilled to have the opportunity to work with such a talented
How To Find Investment Properties For Sale?
Most newbie investors are perplexed with the question of how to find investment properties for sale? This page will focus on how to find a profitable real estate investment property. A good investment property often has very different characteristics than
How To Make Money In Real Estate And Get Rich In 2021?
There is no short cut to make money or to get rich quickly, but you can slowly and steadily build wealth by investing in real estate. There are many different ways to get rich but one of the most popular
Long term recession impacts on affordable housing
The economic hardships wrought by the coronavirus pandemic will be long-term, and millions of renters and homeowners alike could take a serious hit in the upcoming months, affordable housing experts said on a recent webinar hosted by Freddie Mac. Despite
UWM’s IPO is now scheduled for January
United Wholesale Mortgage’s (UWM) much-anticipated Wall Street debut is expected to take place on Jan. 22, 2021, the company told HousingWire late Thursday. UWM, the nation’s second-largest mortgage originator by volume, is going public through a merger with a publicly-traded
Tech money is magnifying Austin’s affordability crisis
With a number of tech companies relocating to or expanding their footprint in Austin, Texas, current residents and local first-time homebuyers are getting squeezed by rising home prices. And it’s a trend that is only going to get worse, as
Structured Finance Association backs transition to SOFR
With LIBOR slated to be phased out at the end of 2021, industry trade group Structured Finance Association sent a letter this week to New York Gov. Andrew Cuomo and the state’s legislative leaders asking them to support Secured Overnight
1031 Exchange Rules: How To Do A 1031 Exchange In 2021?
Taxes rarely make for exciting reading material, but if you own an investment property, there’s at least one set of IRS regulations you absolutely will want to understand: 1031 exchange rules. Why? Because normally when you sell an investment property
Can you buy a home with plans to rent on Airbnb?
Renting your home out on Airbnb can be a smart way to make some extra cash. In fact, it might even make homeownership more affordable. According to a study from Earnest, the average Airbnb host makes about $924 per month.
The shifting role of the notary in mortgage title
Remote online notarization is spreading like wildfire across the U.S. as COVID-19 and stay-at-home orders forced many companies and mortgage notaries to look for alternative methods to continue operating amid the socially distanced environment in 2020. But what is in
The next coronavirus front: evictions and foreclosures
The coronavirus is raging. Eleven million workers are unemployed. And at the end of this month — absent immediate and urgent action by Congress and the administration — millions of American families will be put into eviction and foreclosure proceedings
FHFA proposes liquidity requirements for GSEs
The Federal Housing Finance Agency is looking to finalize a rule that would require Fannie Mae and Freddie Mac to hold higher levels of liquidity to protect against any sudden shortfalls, creating a further $10 billion cushion for the publicly
2021 housing market outlook: No signs of slowing
2020 has been a remarkably strong year for the housing market. Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full
Single-family housing starts reach highest level since 2007
Single-family housing starts continued their seven-month climb in November, coming in to the highest level since 2007, according to the Census Bureau. Housing starts rose 1.2% in November compared to October and are up 12.8% year over year to a
Mortgage rates hit another record low at 2.67%
The average U.S. mortgage rate for a 30-year fixed loan fell four basis point this week to 2.67% – the lowest rate in the Freddie Mac’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set
Richmond VA Real Estate Market & Investment Overview
Housing data collected by the Richmond Association of REALTORS® through Central Virginia Regional MLS. Housing Forecast is an estimate based on data from multiple sources. While it is deemed reliable, it is not guaranteed. Buying real estate in Richmond, VA
Paint colors that add value to your home
It’s common knowledge that a fresh coat of paint is one of the easiest ways to help your home sell. However, the right colors are crucial. Research shows that certain paint colors in certain rooms of the home can raise
