Pending home sales soared in May after two down months due to the COVID-19 pandemic, reinforcing many observers’ confidence about the housing market’s resilience and role in the country’s economic revival. The Pending Home Sales Index (PHSI), a metric based…
Like most of America, you are probably still spending more time at home than usual due to COVID-19 precautions. This is the perfect time to do a little bit of window shopping for a new home or get inspiration for…
If you are a homeowner in the United States, you likely have a mortgage, a loan taken out to pay for your home. The terms of these loans vary but most follow a 30-year payoff plan, with interest being paid…
Summer is here! With warm temperatures and sunny days comes the opportunity to enjoy a nice refreshing dip in a pool. With COVID-19 still impacting the health and routines of most Americans, here are some tips to take a dip…
Purchase applications were up 18% compared to the same time last year and up 6% from a week ago, according to the Mortgage Bankers Association‘s Weekly Mortgage Applications Survey. This gives us two back-to-back weeks of positive year-over-year prints for purchase…
Despite open houses pausing over the spread of COVID-19, a new survey from the National Association of Realtors said that 65% of people who attended an open house within the last year would do so now without hesitation, while another…
Hotels are reopening. Will hotel lobbies built for millennials survive as places to socialize? What about complimentary snacks? Or housekeeping? Will longer stays be discounted after the pandemic? Will smaller hotels have any advantages? Read the full Travelers United article here.
Making passengers feel confident about flying in the post-COVID-19 world will be the key to rejuvenating the aviation system. If passengers think they are going to catch a deadly virus while aboard a flight, they will not fly. If travelers…
Fannie Mae issued a lender letter on Wednesday with additional requirements for borrowers who are self-employed. “Income from a business that has been negatively impacted by changing conditions is not necessarily ineligible for use in qualifying the borrower,” the letter…
The pace of borrowers seeking delayed mortgage payments is slowing, according to data released Monday by the Mortgage Bankers Association. The number of loans in forbearance increased 10 basis points for the week ending May 24, to 8.46% of outstanding home…
