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The last stand for forbearance housing market crash bros?

Housing Wire

Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing?

Marketing 544
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Are existing home sales showing a housing bubble?

Housing Wire

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing. Look, I get it.

Sales 544
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Should I Buy a House Now or Wait for Recession?

Marco Santarelli

Recession buyers will need a high credit score, strong finances, and stable income. However, mortgage rates are high and have been higher than they've been in more than 22 years. Lower Total Cost of Home Purchase: Lower mortgage rates mean a lower total cost over the life of a home purchase.

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9 Easy Ways to Bulletproof Your Transactions During the Pandemic

The Close

These market conditions create a perfect storm for unexpected problems that can delay, or even kill, your pending deals. These market conditions create a perfect storm for unexpected problems that can delay, or even kill, your pending deals. Even in a normal market, all pendings don’t make it to closing. Order the Appraisal Early.

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Advice on Short-Sale Transactions

The Residential Specialist

With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Training was trial-by-fire, as real estate, banking and mortgage professionals tackled the unprecedented scenario with little to no experience. By Shaila Wunderlich.

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The Ultimate Guide to Buying a House in North Carolina

Redfin

Check out this article to learn more about the pros and cons of living in North Carolina. When it comes to competitive markets, Murraysville , Half Moon , Jacksonville , and Fayetteville stand out as the top contenders. If you need help figuring out where to start, Redfin has your back. What’s it like to live in North Carolina?

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Logan Mohtashami: The 2022 housing forecast

Housing Wire

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

Mortgages 543