Sunday , 29 November 2020

Around The Web

Remote Work Boosts Black Renters’ Ability to Buy Homes

According to a recent report published by Zillow, the recent rise in remote work, which has resulted from COVID-19, has affected the housing industry in interesting ways. Zillow data shows that among American renters, Black renters are 29% more likely than other renters in large metro areas to “be able to buy their first home … The post Remote Work …

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The Best of DS5: Inside the Industry – Part 2

Featuring a lineup of prominent economists and experts, DS News invites you to revist some of our top interviews from the first nine months of DS5: Inside the Industry. The post The Best of DS5: Inside the Industry – Part 2 appeared first on DSNews.

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The Week Ahead: CARES, Home Sales, Construction, and Jobs

The Committee on Banking, Housing, and Urban Affairs will meet Tuesday, December 1 in open-session, hybrid format, to conduct a hearing entitled “The Quarterly CARES Act Report to Congress.” Content from the last such quarterly report is documented in this literature published in September. These CARES Act hearings, according to the witnesses, cover a “complex … The post The Week …

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The Best of DS5: Inside the Industry – Part 1

Last spring, Five Star Global launched DS5: Inside the Industry, a video newscast format that highlights economic and industry updates from its executives and leaders. Here are some of the best interviews DS5 has shared in the months since. The post The Best of DS5: Inside the Industry – Part 1 appeared first on DSNews.

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Most Foreclosures are on Vacant, Abandoned Properties

Despite widespread foreclosure moratoria, completed foreclosure auctions are percolating, the Q4 Distressed Market Outlook from Aution.com shows. While remaining below 78% below year-ago levels, there was a 24% uptick of completed foreclosure auctions to a six-month high in September. That said, the moratoria have played a part in creating a backlog of likely foreclosures that … The post Most Foreclosures …

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‘Slow Down in Exits’ Means Increased Overall Forbearance Activity

The total number of loans in forbearance took a slight uptick in the latest data from the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey. As of Nov. 15, loans in forbearance accounted for 5.48% of servicers’ portfolio volume, up from 5.47% one week earlier. The MBA estimated 2.7 million homeowners are currently in … The post ‘Slow Down …

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How The New Loan Limits Affect Mortgage Rates; Home Price Gains Blow Away Forecasts Yet Again

If you follow the MBS Commentary channel on this site, you will have already seen most of the following, but it’s relevant for consumers as well. As far as mortgage rates are concerned, the increase in conforming loan limits doesn’t have a direct impact, but it does change rate availability for those seeking certain loan amounts. There’s a link below …

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The Suburbs’ Changing Demographics

Over the last decade, U.S. suburbs have become more racially and ethnically diverse—not to mention more Democratic, according to Redfin.com. To get a better handle on this transition, the company studied data from the U.S. Census, along with Redfin’s housing market data and voting margins from the last three presidential elections. Among key findings, in … The post The Suburbs’ …

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