Borrowers continued to exit from forbearance plans last week.
Forbearance Numbers Down to 3% of Servicing Volume
The latest number of mortgages remaining in forbearance plans, according to the Mortgage Bankers Association (MBA), came in at just 3% of all serviced loans for the period of September 6 to September 12. This 3% represents an eight-basis point drop from 3.08% the...
Property prices in Greece are recovering from their debt-crisis depths with the help of government investment programs. Even still, Greek prices are a bargain.
Government Policies Help Greek Real Estate Market
In 2013, the Greek government launched its residency-by-investment program, known as the Golden Visa, to encourage foreign buyers to buy in Greece. The Golden Visa ties a residency visa to...
Tim and Julie Harris conclude their series about thinking bigger. How would you think differently if you knew you could live 20 or 30 years longer than you currently believe? Listen to find out what in the world that means!?
Eliminate your excuses. Too fat, thin, old, young, healthy, unhealthy, smart, dumb, etc. 95% of Warren Buffett’s wealth was earned after he...
Climate risks such as rains, floods and wildfires are raising the stakes for the housing market as well as for mortgage lenders and investors.
New Report Claims Mortgage Lenders and Investors Unprepared for Climate Change Risks
A new report by the Mortgage Bankers Association’s Research Institute for Housing America indicates that neither mortgage lenders nor real estate investors are not prepared...
One major side effect of higher home prices is higher down payments.
Down Payments Higher Now than Pre-Pandemic
LendingTree took a look at how expensive down payments are across the country’s 50 largest metro areas. This personal finance platform found that the average down payment came in at $46,283 among these largest metros.
LendingTree analysts also looked at how expensive down payments...
Self-storage rents and occupancy rates are at record highs. Investors and entrepreneurs want in.
Monetizing Underutilized, Existing Space for Storage
According to the trade group Self Storage Association, there are roughly 55,00 self-storage facilities in the US operated by more than 30,000 owners. Though there are five publicly traded real estate investment trusts focusing on storage businesses, Timothy J. Dietz, president...
Tim and Julie Harris challenge you to think bigger in today's podcast!
10x your thinking.
If you can pay your bills on 1 deal every month, think what you could do with 5 per month; with 10? Why CAN'T you do that? Make your list and see if those excuses are actually true or not.
What do I believe?
Is that...
Mortgage applications jumped to its highest level since April during the week ending September 10.
Total Mortgage Application Volume Up Nearly +5%
Homebuyers and homeowners returned from Labor Day holidays and decided to either buy or refinance a home.
According to the Mortgage Bankers Association (MBA), mortgage purchase applications rose +2% for the week and applications to refinance a home loan increased...
Exodus from New York, San Jose and San Francisco slowed in 2021.
Homebuyer Migration Patterns Changing in 2021
Yes, relocating homebuyers are still relocating to more affordable, less dense metros BUT, according to CoreLogic, there have been fewer relocating homebuyers than there were in 2020.
Using its own Loan Application Data to zero in on trends in owner-occupant homebuyer mobility and migration...
Homebuyer demand in the United Kingdom is the strongest in suburban, countryside and coastal locations.
UK Home Sales Spiked Almost +21% in August
According to HM Revenue & Customs using data from the country’s tax payments and custom authority, home sales in the United Kingdom jumped +20.8% y/y and a HUGE +32% m/m compared with July’s transactions.
Nick Leeming, chairperson of the...
