Article by: Simplifying the Market™Originally Published: April 12, 2021, 10:00 amThere 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 […]
6 Simple Graphs Proving This Is Nothing Like Last Time
Article by: Simplifying the Market™Originally Published: March 10, 2021, 11:00 amLast 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 […]
Are There Going to Be More Homes to Buy This Year?
Article by: Simplifying the Market™Originally Published: February 25, 2021, 11:00 amIf 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 […]
3 Ways Home Equity Can Have a Major Impact on Your Life
Article by: Simplifying the Market™Originally Published: February 17, 2021, 11:00 amThere 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 […]
3 Reasons We’re Definitely Not in a Housing Bubble
Article by: Simplifying the Market™Originally Published: February 9, 2021, 11:00 amHome 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 […]
What Happens When Homeowners Leave Their Forbearance Plans?
Article by: Simplifying the Market™Originally Published: January 27, 2021, 11:00 amAccording 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 […]
What Experts Are Saying about the 2021 Job Market
Article by: Simplifying the Market™Originally Published: January 21, 2021, 11:00 amEarlier 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 […]
Will Forbearance Plans Lead to a Tsunami of Foreclosures?
Article by: Simplifying the Market™Originally Published: January 13, 2021, 11:00 amAt the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. […]
5 Steps to Follow When Applying for Forbearance
Article by: Simplifying the Market™Originally Published: December 14, 2020, 11:00 amIf you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief in these challenging […]
Chances of Another Foreclosure Crisis? “About Zero Percent.”
Article by: Simplifying the Market™Originally Published: November 18, 2020, 11:00 amThere seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the […]