Source: Bankrate — Home prices can’t keep going up forever. Can they? During the COVID-19 contagion, Americans proved willing to pay a premium for homes — so much so that home prices shattered all records. Spurred by historically low mortgage rates, lack of...
Source: The Verge — Zillow is trying to offload around $2.8 billion worth of houses onto investors after it bought them with the intent of selling them to hopeful homeowners and landlords, according to a report by Bloomberg. This...
Source: Wall Street Journal — Mortgage companies in the U.S. issued $21 billion of mortgage-backed bonds in October, the second heaviest month of borrowing since the 2008-09 financial crisis, according to research by Bank of America Corp. One reason: It is...
Source: Pew — The U.S. Treasury Department released guidance in August that made financial assistance available to homeowners experiencing financial hardship linked to the COVID-19 pandemic. The aid could be offered to those with traditional mortgages and those...
Source: Tree Hugger — Many booming cities are desperately short of housing and developers are responding with even taller buildings. Many urbanists believe this is a good thing, although studies have shown that life-cycle and operating emissions increase with...
Source: Vox — Anything can be done online. Some tech companies, like Zillow and Redfin, think they can even buy and sell houses online, and are dreaming of becoming the Amazon of what has come to be known as ‘‘iBuying.” But they’re finding out that buying and...
Hits and Misses for the Real Estate Week of Aug. 3-7
