Millennials Are Fueling Housing’s Rebound : First-time buyers in their 20s and 30s are flocking to the market in higher numbers due to low mortgage rates and changing needs during the pandemic.
July 2020 Existing and Pending Home Sales : Home sales in July were higher than last month and than a year ago, and mortgage rates are at record lows. However, tight inventory remains a hurdle, and the economy is not yet back to normal.
Hurricanes, Wildfires, Pandemic: Mortgage Help Is Available : Disasters are mounting, but struggling homeowners can find assistance. Freddie Mac and Fannie Mae offer forbearance programs for up to 12 months.
Homes Are Going Under Contract in Record Time : NAR’s Chief Economist Lawrence Yun says there are no indications that contract activity will wane anytime soon, particularly in the suburbs.
Millennials Could Prompt Condo Resurgence : Given affordability challenges in many markets, condos could be a viable option for a growing number of first-time home buyers, according to a new report from CoreLogic.