The Importance of Home Equity in Building Wealth
Home equity, for most Americans, is the quickest way to build household wealth. That wealth gives homeowners more options during good times and in difficult situations.
What Happens When Homeowners Leave Their Forbearance Plans?
Banks likely don’t want to repeat the mistakes of 2008-2012 when they put large numbers of foreclosures on their books. This time, many will instead negotiate a modification plan with the borrower, which will enable households to maintain ownership of the home.
Owning a Home Is Still More Affordable Than Renting One
Owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report.
Will Forbearance Plans Lead to a Tsunami of Foreclosures in 2021?
Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on their payments, many have not.
Arrow sign pointing downwards. Concept of loss and stock market crash.
Should I Wait for Lower Mortgage Interest Rates?
As vaccines become more widely available and a return to normal starts to come into view, we’ll see mortgage rates bounce off the record lows.
Where Are Home Values Headed Over the Next 12 Months?
The only major industry to display immunity to the economic impacts of the coronavirus is the housing market.
The Surging Real Estate Market Continues to Climb
Whether you’re considering buying or selling, staying on top of the real estate market over the coming months will be essential to your success.
We Are Seeing A Remarkable 2020 Housing Recovery
For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way…
Real Estate Will Lead the Economic Recovery
According to experts, the economy will begin to recover in the second half of this year. With real estate as a driver, that recovery may start sooner than we think.
Is a Recession Here? Yes. Does that Mean a Housing Crash? No.
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:…