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Mortgage Loans in Forbearance Dips to 4.2 Percent in U.S.
Source: The World Property Journal --- The latest Mortgage Bankers Association Forbearance and Call Volume Survey has revealed that the total number of U.S. loans now in forbearance decreased by 3 basis points from 4.22% of servicers' portfolio volume in the prior...
Embracing Technology to Meet Today’s Challenges
Source: Rismedia --- Coming from a background in the arts, having been an actress in New York, Teresa Stephenson decided to transition into real estate about a decade ago. Her first job was as an agent for Platinum Properties in New York, and she’s been there ever...
Pending home sales pummeled
Source: Fox Business --- The Pending Home Sales Index dropped 4.4% to a reading of 106.2 for the month as reported by the National Association of Realtors. However, contract signings jumped 51.7% year-over-year.
Multifamily Built-for-Rent Share: 96% of Starts
Source: NAHB --- According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts remained elevated at 96% during the first quarter of 2021. In contrast, the historical low share of 47% was set during the third...
Move to Double Lumber Tariffs Shows White House Does Not Care About Housing Affordability
Source: NAHBNow --- NAHB Chairman Chuck Fowke issued the following statement following the U.S. Commerce Department’s desire to double lumber tariffs on Canadian lumber shipments into the U.S from 9% to 18.32%: “At a time when soaring lumber prices have added nearly...
California Median Home Prices Hit Record High $800,000 in April
Source: The World Property Journal --- The California Association of Realtors reported this week that heated market conditions and a shortage of homes for sale continued to put upward pressure on home prices in California, driving the state's median price above the...
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