Fannie Mae And Freddie Mac
As the nation’s economy unravels from the effects of Covid-19, here’s some good news: At least one major bank is offering consumer and small business clients mortgage relief and other consumer-friendly breaks. HousingWire reported late Thursday that Bank of America is offering clients a mortgage deferral program on loans in the bank’s portfolio: Bank of…
Read MoreThe economic impact of the novel coronavirus can’t be understated, as businesses limit service in order to slow the virus’ spread. Restrictions on public gatherings and service-oriented businesses have put a significant amount of the workforce out of work. Several government organizations are suspending evictions and foreclosures to keep workers in their homes despite their…
Read MoreFirst-time homebuyers are finding it harder and harder to get into their dream home.
The National Association of Realtors said that first-time homebuyers make up only 28 percent of the national housing market in a Jan. 28 new story, the lowest number since the organization started measuring the demographic in 2008. According to the NAR, first-time homebuyers typically make up about 40 percent of the market, but several factors are keeping them from purchasing a home, including higher competition for lower priced properties, which are being swept up by investors at increasingly high rates.
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