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After severe winter weather slammed home construction in February, builders charged back in March, pushing Housing Starts up 19.4%, to a 1.739 million annual rate, the highest level since 2006. Plus, new Building Permits hit a 1.766 million yearly rate in March ... |
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Buyer purchasing power is a major influence on home prices. Home price increases cannot exceed what homebuyers are able to pay. Therefore, absent significant outlying market factors, when buyer purchasing power falls, home prices are likely to follow. When purchasing power rises, the seller’s outlook for a rise in pricing ...
View More34,900 new and resale home transactions closed escrow in California during February 2021. In this single month, the number of homes sold was 23% higher than a year earlier. February’s relatively high sales numbers continue the rapid pace of sales experienced since mid-2020, uncharacteristic of a recession.
Despite ...
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The dual crises of the COVID-19 pandemic and 2020 recession threatened a rise, if not surge, in Federal Housing Administration (FHA)-insured mortgage popularity. Not to be outdone, conventional loan financing has actually seen an uptick among first-time buyers. But how much staying power does this trend wield?
Nothing gold ...
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NATIONAL MARKET UPDATE
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Fannie Mae’s March Home Purchase Sentiment Index scored its biggest gain since June. Respondents who say it’s a good time to buy went from 48% to 53%, while those who feel it’s a good time to sell grew from 55% to 61%. |
When a person dies, their belongings must pass onto the living. When no other arrangements are made, these belongings are usually distributed and passed among the next of kin according to the intestate laws in the decedent’s home state. This process is supervised by a probate court and can be ...
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Spring is in the air, and it’s the perfect time to start an edible garden! But if you don’t have a green thumb, you may be wondering where to begin. Check out these beginner’s gardening tips.
Choose a sunny location; most edible plants need at least six hours of direct ...
NATIONAL MARKET UPDATE
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Last week, the purchase mortgage application index rose a solid 5%. The Mortgage Bankers Association's chief forecaster noted: “The housing market is entering the busy spring buying season with strong demand.” Freddie Mac’s chief economist added: “While purchase activity remains high, it ... |
The impacts of the 2020 recession continue to ripple through the economy, with the brunt of job losses disproportionately hitting people of color. However, the share of homeowners taking advantage of federal forbearance programs moves aid in the opposite direction of where it’s needed most.
The federal foreclosure moratorium will ...
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