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Mortgage delinquency rate reaches lowest level since 2019 Q4

Housing Wire

The cost of a home mortgage may be going up , but perhaps some good news: Fewer people who already own a home are missing payments. Mortgage delinquency rates dropped for the seventh straight quarter, hitting the lowest level since the fourth quarter of 2019, according to the Mortgage Bankers Association.

Mortgages 370
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Mortgages 458
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Real Estate Investing in 2021 is About Basics with a COVID Twist

Realty Biz

Back in March of this year, the real estate market looked to be headed into a steep decline as COVID-19 began to spread. What keeps being kicked down the road is the delinquent rent issue but there is hope this will be resolved without evicting tenants or forcing landlords into foreclosure. Stay With Real Estate Basics in 2021.

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Salt Lake City Real Estate Market & Investment Overview

Marco Santarelli

The pandemic has supercharged Utah’s housing market driven by historically low interest rates and low unemployment rate. The economy is strong and the city has on of the lowest unemployment rates in the nation. Salt Lake City Real Estate Market Trends 2021. down 61% from last year. increase from the previous year.

Marketing 124
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What would it take to crash the housing market?

Housing Wire

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. That isn’t a good thing, so I want to see a cool down in prices. Can this last? No, it can’t.

Marketing 397
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Charlotte Real Estate Market & Investment Overview 2021

Marco Santarelli

Low mortgage interest rates, high demand and a shortage of homes continue to fuel the Charlotte real estate market and drive prices higher. Until March 2020 the real estate sales were going steady in the entire Charlotte Metropolitan Statistical Area. 3,630 homes were sold in March, which is a year-over-year increase of 4.9%.

Marketing 119
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Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

The same trend is predicted for 2021. Low-interest rates, tight supply, and high buyer-demand will keep the market hot and exert even more upward pull on house prices. PHILADELPHIA HOUSING MARKET TRENDS 2021. The pricing of homes is trending higher and is more attractive for sellers in the current phase.

Marketing 126