Zombie foreclosures see modest increase in third quarter
Although the total number of properties in foreclosure is down 16% from the previous quarter, zombie foreclosures increased from 3% to 3.7% of all properties, according to Attom Data Solutions
by Lillian Dickerson Aug 26
Kamala Harris' record on real estate is mixed
The Democratic vice presidential candidate believes 'housing is a human right' and has proposed legislation for mortgage and rent relief amid the pandemic
by Andrea V. Brambila Aug 12
Did Trump extend the eviction moratorium? Not exactly
Issued Saturday, the executive order offers some mitigation measures, but falls short of extending the moratorium included in the CARES Act
by Patrick Kearns Aug 10
Late July home sales prices reach record heights: Redfin
The median home sale price soared 11% year over year during the week ending July 26, bringing that figure up to a record-high of $315K, according to a market report by Redfin
Mortgages in forbearance drop for sixth week in a row
The number of mortgage loans in forbearance declined by 6 basis points, from 7.80% the previous week to 7.74%, marking the sixth consecutive week loans in forbearance dropped
by Lillian Dickerson Jul 28
New jobless claims reverse course, increase from prior week
New initial unemployment claims topped 1 million for the 15th straight week
by Patrick Kearns Jul 23
NY congressman announces first-time buyer coronavirus relief plan
Rep. Sean Mahoney's (NY-18) First Time Homebuyer Pandemic Savings Act would allow buyers to use retirement savings to fund their down payment penalty-free
by Marian McPherson Jul 22
Multifamily rents fell year-over-year for first time in a decade
Annual rent growth shifted to negative in June, falling to -0.4% to $1,457
by Lillian Dickerson Jul 22
Brown Harris Stevens CEO: 'We have to apply a little bit of humanity'
Brown Harris Stevens CEO Bess Freedman called for compromise in the face of an impending wave of evictions as CARES Act benefits are set to expire at the end of July
by Lillian Dickerson Jul 21
Today is tax day: What real estate agents need to know
After 3 months of freedom from thinking about taxes, the big day has arrived. Here's what you need to know about filing your taxes today
by Lillian Dickerson Jul 15
Total mortgages in forbearance decreases for first time since March
During the week ending on June 14, mortgage loans in forbearance decreased to 8.48%, down from 8.55% the previous week, according to the MBA
by Lillian Dickerson Jun 22
COVID-19-related forbearance volumes decline for first time since pandemic hit
Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending on June 2, the first weekly decrease since the CARES Act went into effect
Amid halt on foreclosures, zombie property rate remains constant
The number of U.S. homes in the process of foreclosure that are currently sitting empty barely changed between the first and second quarters of 2020, due to the coronavirus-induced moratorium on foreclosures
by Lillian Dickerson May 27
Realogy CEO to franchisees: 'Play offense and defense'
Ryan Schneider told franchisees he believes they are in better shape than during previous times of crisis
by Patrick Kearns May 20
Federal agencies launch COVID-19 housing assistance website
The website outlines all of the housing protections included in the CARES Act and offers tools to help homeowners and renters
by Patrick Kearns May 12