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

By Press Release | February 25, 2021
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 […]

1 million mortgage borrowers haven't asked for forbearance

By Mike Wheatley | September 24, 2020
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 […]
Home Buying, US Real Estate

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

By Mike Wheatley | July 24, 2020
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 […]
Foreclosures, US Real Estate

Freddie Mac warns of mortgage aid scammers

By Mike Wheatley | April 1, 2020
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 […]
Home Buying, US Real Estate, Zillow

Zillow says more Gen Zers than millennials will become homeowners

By Mike Wheatley | December 19, 2019
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 […]
Real Estate Technology

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

By Mike Wheatley | November 18, 2019
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 […]
US Real Estate, Zillow

Report: Younger generations make bigger sacrifices to become homeowners

By Mike Wheatley | October 25, 2019
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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