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Find out why fewer Americans will buy homes in 2020
Even though home values have budged little, if at all, on the backdrop of the pandemic-prompted economic recession, few home shoppers seem to have relented this year, incited by ever-lower mortgage rates. Yet, the highly constricted inventory across the U.S. will leave some buyers behind in 2020, according to an analysis by Realtor.com. In...
$6.5 trillion record on tappable home equity
More than 75% of homeowners with tappable equity have mortgage rates above 3.5%, Black Knight says Tappable home equity, meaning the equity homeowners could borrow against while leaving a 20% buffer, rose to a record $6.5 trillion in the first quarter, Black Knight said in a report on Monday. More than 75%...
Significant rate of black homeownership varies by metro area
Although the smallest gap between Black and white homeownership is still more than 20 points Racial inequality has been a long-standing issue in the housing market and the Black homeownership rate in the first quarter of 2020 was just 44% compared to the white homeownership rate at 73.7%, according to the Census Bureau. That’s...
The mortgage and real estate industries continue to hire
Here's the latest on the business professionals making waves in real estate and mortgage The mortgage and real estate industries continue to hire as low mortgage rates fuels demand for housing and some lenders are seeing record volume. Realtor.com named Mickey Neuberger as its chief marketing officer. Neuberger has...
With the record-low mortgage rates, no one is taking a time off
But you won't hear them complaining There is nothing normal about this July Fourth holiday. With COVID-19 cases spiking in the biggest states, the slow creep back to normal has been put on hold in many places, and the usual Independence Day celebrations are few and far between. But, if you...
Real estate market on a post-pandemic state
The real estate market has never been tighter. I have been licensed for 20 years now, and I have never seen the market more aligned with the interests of sellers and residential real estate investors. Sellers who are putting their homes or investment properties on the market are seeing multiple offers and immediate sales. 
The housing market is recovering
Trends remain positive The housing market continues to show positive signs of recovery, according to realtor.com’s weekly Housing Market Recovery Index, yet the effects of COVID-19 still remain a concern. The index is set to 100 for the last week of January and a value of 100 means the market has recovered to the...
New platform connects homebuyers and sellers before listing
Selling Later offers an alternative platform to match home buyers and sellers With mortgage rates hitting historic lows, many consumers are eager to shop for houses. However, they face the challenge of low inventory and sellers who may be hesitant to put their homes on the market in the midst of the COVID-19 pandemic.
Property management protective practices
With the current climate of the world, everyone in the real estate industry is doing the best they can to navigate ever-changing rules and regulations. Historically speaking, the role of a property manager has always had its challenges. The ongoing threats of lawsuits, rent abatement, unscrupulous demands and false allegations by tenants continually plague the industry. Ultimately,...
Old-Fashioned business: Lead canvassing
At a time when communication has become modernized, yet disconnected, we’re seeing how important and meaningful it is to connect with others on a personal level. The pandemic has affected our personal and professional lives inextricably. It has changed the way we work, conduct business and communicate with friends and loved ones.  This crisis...
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