Tuesday , 26 January 2021

Housing Market

2021 Forecasted to Be a Seller’s Market

Home prices look like they will continue to rise in 2021 according to realtor.com, but at a slower, more normal pace than they did in 2020. However, interest rates are slated to rise, as well, creating challenges for first-time buyers. This makes the earlier part of the year better for most buyers if they can … The post 2021 Forecasted …

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Here’s How President-Elect Biden Could Reshape the Housing Market

Major news outlets announced on Saturday that former Vice President Joe Biden is projected to be the president-elect. If everything goes as predicted, a Biden administration may be on the horizon–and could bring major policy changes with it.  According to an analysis from realtor.com, Joe Biden would be entering the presidency during a unique time … The post Here’s How …

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Why Are Americans Putting Off Selling Their Homes?

The competition among homebuyers is intense and home prices have been soaring in recent months. The cause of this heated competition and rising prices is the short supply of homes for sale. This lack of inventory has been prevalent across the country since COVID-19. New data from a Zillow survey shows how the pandemic may … The post Why Are …

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Unemployment Rate Skyrockets to 14.7%

The U.S. economy lost 20.5 million jobs in April and the unemployment skyrocketed to 14.7%, according to the U.S. Bureau of Labor Statistics (BLS).  The unemployment rate rose from the prior month’s 4.4%, with CNN reporting this being the most-sudden decline on monthly job losses since data started being tracked in 1939.  CNN adds the … The post Unemployment Rate …

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Today’s Loan Forbearance May Be Tomorrow’s Market Confusion

Millions of borrowers are receiving quick financial relief from federal mortgage loan forbearance programs, but aligning federal agencies, servicers, and borrowers to resolve those loans and missed payments later may insight confusion and overwhelm servicers. The post Today’s Loan Forbearance May Be Tomorrow’s Market Confusion appeared first on DSNews.

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