Consumer confidence drives real estate market

Consumer confidence drives real estate market

This spring, a key housing index fell to a record low amid the COVID-19 pandemic. Much to the surprise of many, the market bounced back impressively thanks to consumer confidence and ultra-low interest rates. Fannie Mae’s Purchase Sentiment Index fell 29.5 points in...
New home sales exceed expectations despite COVID-19

New home sales exceed expectations despite COVID-19

With the COVID-19 emergency, home sales were not expected to flourish. That was not the case in April as new home sales rose by 0.6 percent, according to the U.S. Census Bureau and the Department of Housing and Urban Development. March sales revisions were a factor,...
What to consider before you choose forbearance

What to consider before you choose forbearance

As a last resort, loan holders may decide to ask their lenders to grant forbearance when they are unable to make a mortgage payment. A forbearance is a reprieve to borrowers from making any payment until an agreed-upon time. It is not, however, loan forgiveness. Nor...
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