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4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

By chriscollins | April 12, 2021

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance…

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

By chriscollins | April 12, 2021

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance…

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

By chriscollins | April 12, 2021

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance…

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

By chriscollins | April 9, 2021

Some Highlights If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are…

Homeownership Is Full of Financial Benefits

By chriscollins | April 8, 2021

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: 88% – a better chance of saving for retirement 87% – the best investment plan…

Latest Jobs Report: What Does It Mean for You & the Housing Market?

By chriscollins | April 7, 2021

Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. What does this mean for you? Our lives are deeply impacted by our nation’s economy. The…

Don’t Sell on Your Own Just Because It’s a Sellers’ Market

By chriscollins | April 6, 2021

In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up…

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

By chriscollins | April 5, 2021

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans…

Buyer Competition Is Good News for Sellers [INFOGRAPHIC]

By chriscollins | April 2, 2021

Some Highlights With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and…

There’s No Reason To Panic Over Today’s Lending Standards

By chriscollins | April 1, 2021

Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability of low down payment loans and down payment assistance programs are causing…