Data shows an improving housing market outlook, but high unemployment and lingering economic uncertainty tempers analysts’ expectations.
Read More »Additional 2.1M Americans File For Unemployment
Delinquencies recorded its highest monthly gain during a period where more than 30 million people are claiming benefits.
Read More »Unemployment Rate Skyrockets to 14.7%
The U.S. economy lost 20.5 million jobs in April and the unemployment skyrocketed to 14.7%, according to the U.S. Bureau of Labor Statistics (BLS). The unemployment rate rose from the prior month’s 4.4%, with CNN reporting this being the most-sudden ...
Read More »Today’s Mortgage Relief May Be Tomorrow’s Market Confusion
Millions of borrowers are receiving quick financial relief from federal mortgage loan forbearance programs, but aligning federal agencies, servicers, and borrowers to resolve those loans and missed payments later may insight confusion and overwhelm servicers.
Read More »Rep. Tulsi Gabbard Introduces Plan for Universal Payment
The resolution would provide a “temporary” payment of $1,000 per month to all adults to stimulate the economy in the wake of COVID-19.
Read More »Home Prices in Opportunity Zones Rising Quickly
A new report looks at these distressed areas and compares their values across the nation. How do they compare?
Read More »Economic Growth Exceeds Expectations in January
How will the addition of 225,000 jobs impact the housing market? Read through to find out.
Read More »Foreclosure Auctions Indicate Strong Housing Market
Recent data reveals that digital auctions are driving interest from out-of-state remote buyers.
Read More »Why are Homeownership Rates Falling?
Despite all signs pointing toward a growing housing sector—record-low mortgage rates, strong refinance activity, and falling interest rates—information from Axios shows homeownership rates are dropping across the board. From 2002 to 2018, the homeownership rate for ages 35-64 have ...
Read More »The Fastest Growing Household Debt for Borrowers
J.P. Morgan Chase reports that student debt has doubled in the past 10 years to $1.5 trillion in 2018—second only to mortgage debt—and impacts 45 million borrowers. “Although the financial returns from a higher education degree over a lifetime typically ...
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