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Retired couple on a deck overlooking water toasting each other with champagne

Remote Workers May Seek Retirement Housing Early

As more work is done remotely, some Americans are deciding to make an early move to their retirement locale. Many employers are offering employees the option to work from home for the rest of the year due to the COVID-19 pandemic, and some have adopted remote work as a permanent option. Freed from the bounds of a commute, many older Americans are deciding to move now. “The pandemic was unexpected,...

Small collection of new homes along a typical city street

Investors Ready for ‘Bonanza’ in Housing

Single-family landlord giants are expecting a surge in repossessed homes as millions of homeowners have fallen behind on their mortgage payments and may be at risk of losing their homes once eviction moratoriums end. The Wall Street Journal reports that landlords are waiting for a “potential bonanza” of distressed properties as well as the emergence of a new wave of renters. About 3.5 million...

Statistics detailing how home sales have hit 2006 levels and 'continue to amaze'

Home Sales Hit 2006 Levels, ‘Continue to Amaze’

Home sales climbed in August to the likes of the 2006 housing boom days, despite the COVID-19 pandemic. Existing-home sales in each of the four major regions of the U.S. saw month-over-month and annual growth, the National Association of REALTORS® reported on Tuesday. The Northeast saw the largest monthly improvement in home sales. Housing inventories continue to remain tight, putting upward pressure...

Image of an outdoor living space (looks like a living room but outdoors)

Create the Most Inviting Outdoor Space

No matter how big or small a home, terraces, porches, or backyards are skyrocketing in importance to buyers and owners. After sheltering in place from the COVID-19 pandemic, more homeowners are looking to extend their spaces to the outdoors. House hunters may be putting more weight on listings that have a yard with cozier spaces too. Designers say the outdoor space should be thought of as another room...

Image of a home and introduction text: Moving During COVID-19

‘I’d Risk COVID-19 Exposure for My Ideal Home’

A surprising number of house hunters have declared just how important it is to find their dream home during the global health crisis, even at the risk of their own health. In a recent survey conducted by Helitech, a foundation repair company, 37% of 980 buyers said they’d “risk COVID-19 exposure to obtain my dream home.” The consumers surveyed either are in the market to move, started their plan...

Charts showing mortgage rates for June 2020

Mortgage Rates Remain at All-Time Low

The 30-year fixed-rate mortgage stayed at its record low this week, offering an opportunity for home buyers to lock in the lowest rate in Freddie Mac’s records dating back 50 years. The 30-year fixed-rate mortgage averaged 3.13% this week. The mortgage market has seen a resurgence in applications for home purchases in recent weeks. “The rebound in purchase demand partly reflects deferred sales as...

Federal Housing Finance Agency official logo

FHFA Won’t Require Lump-Sum Payment After Forbearance

The Federal Housing Finance Agency, which regulates mortgage giants Fannie Mae and Freddie Mac, said Monday that it will not require homeowners who take mortgage forbearance due to financial hardship from the COVID-19 pandemic to make up the missed payments in a lump sum. The FHFA made the announcement after news stories cautioned that homeowners who take forbearance would be on the hook to repay...

Graphic depicting plummeting home sales

How COVID-19 Is Affecting the New-Home Market

The new-home market was showing a strong first quarter in 2020 until the pandemic hit. Sales of newly built single-family homes decreased 15.4% in March to a seasonally adjusted annual rate of 627,000 units, according to data released Thursday from the U.S. Census Bureau and Department of Housing and Urban Development. Sales were 9.5% lower than a year ago, and markets hardest hit by COVID-19 saw the...

A woman looking at a financial document within the kitchen of her home

Homeowners Facing Hardship Get Mortgage Payment Leeway

Mortgage giants Fannie Mae and Freddie Mac unveiled a payment deferral option for homeowners struggling to make their mortgage payments, regardless of whether the reason is related to COVID-19. Homeowners could be eligible to defer two months of their mortgage payments until the end of their mortgage, depending on their circumstance. The GSEs had intended to announce a payment deferral program later...

New house being constructed

Housing Starts Rose 3.2% in 2019

More single-family and multifamily homes are coming onto the market soon as new-home construction posts its biggest gains in 13 years. Total housing starts rose nearly 17% in December to a seasonally adjusted annual rate of 1.61 million units, the U.S. Commerce Department reports. Broken out, starts for single-family homes rose 11.2% to a seasonally adjusted annual rate of 1.06 million in December. The...

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