Covid 19’s wide-ranging impact sadly involved much more than our health. Just over 10 Million homeowners struggling to pay their mortgage, were forced to enlist forbearance (a temporary interruption in monthly payments) to tide them over until the employment market and their financial position improved. Forbearance however does not mean forgiveness. Those deferred payments are… Read More
In spite of businesses reopening and a cautious return to travel, the Covid19 situation is far from over. Its affect on the Real Estate market continues, and I believe we may be well into 2021 before we are fully aware of the influence this disturbance has had. We’re now seeing a slight uptick in activity… Read More
Nationwide, foreclosures have been steadily decreasing since 2010. However there are a few isolated markets that have been seeing a recent increase in foreclosures and foreclosure starts. This is not necessarily baffling. It’s no coincidence that the majority of these locals are the same ones that have experienced a faster-than-average rise in home prices. Most… Read More
Foreclosure activity is back to “normal” across much of the nation. Low mortgage interest rates, which were ironically a result of the market crash, likely also play a part in the good health of today’s Real Estate market. First quarter foreclosure activity was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas… Read More
