Here, you’ll find helpful articles and other resources that cover issues related to the real estate market: buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.
Mortgage delinquency rates spike in 2020 due to COVID-19 pandemic. The latest loan insights show a 3.1 percent jump in overall delinquencies in just one year. Mortgage Delinquency Rates Spike in 2020 Due to COVID-19 Pandemic Having trouble paying your mortgage? If so, you’re not alone. Looking back in the early days of the pandemic, [...]
Affordable housing options in 2020: granny flats and garage apartments aren’t a thing of the past, they’re in high demand all over the U.S. Affordable housing options are scarce all over the country. Americans working full-time at minimum wage can’t afford a one-bedroom rental in 95 percent of U.S. counties, according to a report by [...]
What happens to the economy when the PPP runs out of money? This reader wants to know how another rise in unemployment will impact the economy. Q: I tried to call in to WGN radio when Ilyce was on a couple of weeks ago. Do you think unemployment will skyrocket when the Paycheck Protection Program [...]
COVID-19 housing impact: which homeowners are most vulnerable? New research spotlights housing markets that are most at-risk in the U.S. The COVID-19 pandemic is having an impact on many parts of the economy: Mortgage interest rates hit an all-time low last week (a 30-year fixed-rate loan can be had for an average of 2.98 percent) [...]