June 2021 Signals Indicate Housing Market Easing

Buyer sentiment data shows that potential new homeowners are chilling out about purchasing in this seller’s market.

Comfort, Health and Safety are Top Motivators for Home Improvement Projects During The Pandemic

As the COVID-19 pandemic forces millions of Americans to quarantine and spend additional time indoors, many are making improvements to their homes and becoming increasingly comfortable securing financing options for these projects online. Discover Home Loans surveyed homeowners in March and August 2020 to better understand how the pandemic has impacted their views about home improvement and

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1 million mortgage borrowers haven’t asked for forbearance

Research shows that a little over a million homeowners who are at least 30 days past due on their mortgage payments haven’t entered into a mortgage forbearance program or engaged with their lender about some other form of assistance. The research came from Black Knight, a mortgage data company, the Wall Street Journal reported. The

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NAR throws its weight behind “Pandemic savings” bill for first-time buyers

Rep. Sean Maloney, D-N.Y., proposed a new bill this week to the U.S. House of Representatives that would allow first-time home buyers to withdraw funds, tax-free, from their retirement accounts under the umbrella of coronavirus-related distributions. The funds could then be used towards a down payment on a new home, helping more people to attain

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Freddie Mac warns of mortgage aid scammers

Scammers are reportedly targeting homeowners with fake offers of financial aid at a time when many are struggling to pay their mortgages due to the coronavirus outbreak. In one example, Freddie Mac last week warned of a new scam that saw borrowers receive fake calls impersonating the mortgage giant, offering low interest rates and other

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Zillow says more Gen Zers than millennials will become homeowners

The oldest Millennials, who will turn 40 in 2020, have lived through a turbulent decade of housing marked first by the initial recovery from the Great Recession, then the extraordinary home value growth of recent years. Due in large part to a variety of affordability challenges delaying all sorts of major life milestones, the homeownership

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Opendoor moves into Los Angeles, will now spend up to $800K on a home

Leading iBuying company Opendoor says it’s expanding into Los Angeles for the first time with a new maximum offer of up to $800,000 for homes situated in the city. Previously, the most Opendoor would offer for a home was up to $600,000. The move comes at a time when iBuying firms are increasingly boosting their

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Report: Younger generations make bigger sacrifices to become homeowners

Home value growth is slowing compared to recent years, but that hasn’t made affording one any easier, especially for younger generations. A majority of home buyers (55%) make some sort of financial sacrifice, like cutting their entertainment budget or reducing their savings, in order to buy a home, according to the 2019 Zillow Group Consumer

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Most Homeowners Want to Upgrade Their Current Home, New Chase Survey Finds

Most U.S. homeowners expect to make improvements to their property in the next year to build their home’s value, according to a Chase Home Lending survey released today. Chase teamed up with Drew and Jonathan Scott — TV personalities, entrepreneurs and authors — to discuss why homeowners wanted to improve, how much they planned to

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5 mistakes new homeowners make in their yards & how to avoid them

A yard is something many new homeowners look forward to when they purchase a property. After all, it’s a place to make memories with family and friends, to let kids and the family dog play safely, and to customize to individual needs and desires. But there are some mistakes that are easy for new homeowners

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