Black Homeownership Rate Hits Lowest Level Since the 1960s—That’s Unlikely To Change in Pandemic Year 2

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In the second quarter of 2019, the Black homeownership rate dropped to 40.6%, down 7 percentage points from a decade earlier. It now hovers closer to 44%.

The post Black Homeownership Rate Hits Lowest Level Since the 1960s—That’s Unlikely To Change in Pandemic Year 2 appeared first on Real Estate News & Insights | realtor.com®.

Federal Judge Says CDC’s Eviction Moratorium Is Unconstitutional, but Advocates Argue That Renters Are Still Protected

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A federal judge has delivered a potential blow to the national eviction moratorium first issued under the Trump administration.

The post Federal Judge Says CDC’s Eviction Moratorium Is Unconstitutional, but Advocates Argue That Renters Are Still Protected appeared first on Real Estate News & Insights | realtor.com®.

Borrowers With Fannie Mae, Freddie Mac Mortgages Can Receive Up to 18 Months of Forbearance, Regulator Says

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The FHFA also amended its separate payment deferral option for homeowners so they can now miss up to 18 months of payments.

The post Borrowers With Fannie Mae, Freddie Mac Mortgages Can Receive Up to 18 Months of Forbearance, Regulator Says appeared first on Real Estate News & Insights | realtor.com®.

Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season

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Thomas A. Ferrara/Newsday RM via Getty Images)Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season.

The post Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season appeared first on Real Estate News & Insights | realtor.com®.

Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season

realtyexperts Real Estate News

Thomas A. Ferrara/Newsday RM via Getty Images)Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season.

The post Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season appeared first on Real Estate News & Insights | realtor.com®.

Borrowers With Fannie Mae, Freddie Mac Mortgages Can Get Additional Forbearance, Regulator Says

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The Federal Housing Finance Agency is extending the length of time that borrowers can be in a COVID-related forbearance on mortgages back by Fannie Mae and Freddie Mac.

The post Borrowers With Fannie Mae, Freddie Mac Mortgages Can Get Additional Forbearance, Regulator Says appeared first on Real Estate News & Insights | realtor.com®.

Borrowers With Fannie Mae, Freddie Mac Mortgages Can Get Additional Forbearance, Regulator Says

realtyexperts Real Estate News

The Federal Housing Finance Agency is extending the length of time that borrowers can be in a COVID-related forbearance on mortgages back by Fannie Mae and Freddie Mac.

The post Borrowers With Fannie Mae, Freddie Mac Mortgages Can Get Additional Forbearance, Regulator Says appeared first on Real Estate News & Insights | realtor.com®.

Home Builder Confidence Falls Amid Rising COVID-19 Cases, Higher Prices for Materials

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The construction industry’s outlook worsened to start the New Year, a new report finds, amid factors that are making it harder to build homes right now. That’s bad news for buyers.

The post Home Builder Confidence Falls Amid Rising COVID-19 Cases, Higher Prices for Materials appeared first on Real Estate News & Insights | realtor.com®.