Will Surging Unemployment Crush Home Sales?
Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health…
Read moreForbearance Math
Mom and Dad have a mortgage. It’s currently $1,500 per month.Dad gets laid off, calls the servicer, and asks for forbearance.In one phone call, he gets 6 months “off” from…
Read moreThinking of Selling? Now May Be the Time.
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year…
Read moreReal Estate Is Soaring, But Not Like 2008
Unlike last year, the residential real estate market kicked off 2020 with a bang! In their latest Monthly Mortgage Monitor, Black Knight proclaimed: “The housing market is heating entering 2020…
Read more