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Top five and bottom five real estate markets revealed
Source: MPA --- SitusAMC recently released a pair of key reports that, taken together, display just how the regional economic and real estate market landscape has shifted in America since the pandemic. Its quarterly economic measures heatmap shows a nation in...
Jobs data released: Massive changes
Source: MPA --- The US economy created around 266,000 new jobs in April – a sharp slowdown from the 770,000 gain in March – the Bureau of Labor Statistics reported today. What caused the unanticipated deceleration in job growth? Mike Fratantoni, chief economist at the...
Mortgage rates remain under 3 percent for third week in a row
Source:The Washington Post --- At the start of the year, it looked like mortgage rates were headed nowhere but up. But lately, they have backslid. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 2.96 percent...
Desperate buyers are going to extremes to land a home
Source: CNN --- With the inventory of homes for sale historically low and prices higher than ever, the battle to buy a home has been taken to a whole new level. The number of available homes to buy in April dropped by 40% from a year ago and 50% from 2019, according...
Just under 5 million households miss housing payments in March
Source: Scotsman Guide --- Approximately 4.9 million households did not make their rent or mortgage payments last month, according to new research released by the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA). That’s slightly down...
Judge strikes down national moratorium on evictions
Source:MPA --- A federal judge blocked a nationwide eviction moratorium that the US Centers for Disease Control and Prevention established last year as COVID-19 lockdowns put millions of renters out of work. US District Judge Dabney Friedrich in Washington said the...
