The sale of your home can depend on the local housing market or the national housing market. Check here for more information and updates about the state of the housing market, and advice on how to buy or sell in any kind of market.
Real estate market recap for 2020 and housing outlook for 2021. An overview of how COVID-19 impacted real estate in 2020 and what to expect in 2021. Safe to say that 2020 will go down in history as a year like no other. Even, or perhaps especially, in real estate. Real Estate Market Recap for [...]
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 [...]
COVID-19: unemployment and the mounting financial crisis. Understanding how people live paycheck-to-paycheck and the implications of extended unemployment. Q: In your recent column in the Washington Post, it was stated that “nearly 80 percent of Americans were living paycheck to paycheck before the pandemic…” I want to know how do you define living paycheck-to-paycheck when [...]
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) [...]
How will the coronavirus impact the housing market in 2020? How renters, homeowners, mortgage lenders and iBuyers are responding to the COVID-19 pandemic. How Will the Coronavirus Impact the Housing Market in 2020? Last week’s news included the reports that as many as one-third of apartment and home renters failed to make their rental payment [...]