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Understand Your Options To Avoid Foreclosure

By |2021-09-08T03:00:01-07:00September 8th, 2021|Categories: Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Pricing, Real Estate, Short Sales|

Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comfort to those individuals who are facing challenges today.If [...]

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

By |2021-07-28T03:00:29-07:00July 28th, 2021|Categories: Distressed Properties, Foreclosures, Housing Market Updates, Pricing, Real Estate, Short Sales|

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 [...]

It’s Not Too Late To Apply For Forbearance

By |2021-05-12T03:00:41-07:00May 12th, 2021|Categories: Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Real Estate, Selling Myths|

Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance. [...]

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

By |2021-04-12T03:00:13-07:00April 12th, 2021|Categories: Distressed Properties, Foreclosures, Housing Market Updates, Real Estate|

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 [...]

6 Simple Graphs Proving This Is Nothing Like Last Time

By |2021-03-10T04:00:26-07:00March 10th, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing, Real Estate|

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance [...]

Are There Going to Be More Homes to Buy This Year?

By |2021-02-25T04:00:36-07:00February 25th, 2021|Categories: Buying Myths, Distressed Properties, First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate, Selling Myths|

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of [...]

3 Ways Home Equity Can Have a Major Impact on Your Life

By |2021-02-17T04:00:39-07:00February 17th, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Real Estate, Rent vs. Buy|

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM [...]

3 Reasons We’re Definitely Not in a Housing Bubble

By |2021-02-09T04:00:46-07:00February 9th, 2021|Categories: Buying Myths, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing, Real Estate, Selling Myths|

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. [...]

What Happens When Homeowners Leave Their Forbearance Plans?

By |2021-01-27T04:00:21-07:00January 27th, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate|

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have [...]

What Experts Are Saying about the 2021 Job Market

By |2021-01-21T04:00:49-07:00January 21st, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate|

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at [...]