Key Highlights
After nose diving to lowest level ever in April, consumer sentiment about housing jumped significantly in June
Renters particularly optimistic about home buying
According to Fannie Mae survey, 61% of consumers think now a good time to buy
In a recent monthly survey, Fannie Mae found that 61% of consumers believe that now is a good time to...
Listen now to the Nations #1 Daily Podcast for Agents hosted by Tim and Julie Harris. Real time coaching is a reality on today's show as Tim and Julie share with you exactly what they are coaching their clients to do in this market. Did you know that it often makes the most financial sense for a buyer to...
Key Highlights
Home equity hits record $6.5T in Q1 2020
75% of mortgage holders of that $6.5T tappable home equity have interest rates above 3.5%
Amount saved on monthly basis likely to outweigh cost of refinancing transaction
According to Black Knight, American homeowners hit a record high $6.5T in tappable home equity in Q1 2020. More than 75% of homeowners...
Key Highlights
Median home prices remained constant or dropped from April to May 2020, according to ATTOM Data Solutions
Analysis included metro areas throughout the country
Downward shifts marking change from price jumps in early 2020
In the blink of an eye as everything else related to the COVID pandemic, ATTOM Data Solutions found that median home prices stayed the...
Key Highlights
Danger of forbearance transitioning to foreclosure rising as COVID infections surge, according to Federal Reserve Bank of Atlanta
Adding to surging COVID infections is July 30 end date for $600/week federal enhancement to state unemployment benefits
Home loan forbearances may soon become home foreclosures for millions of homeowners. Economists with the Federal Reserve Bank of Atlanta said, “The...
Listen now as Tim and Julie Harris share with you what is happening in the housing market now and what will happen next. As housing experts debate if there will be a mild housing correction or full on housing crash Tim and Julie focus on what agents should be doing now. The next 180 days are critical for agents...
Key Highlights
Under Economic Injury Disaster Loan program with the Small Business Administration, there provision for $1,000 grant
Called “The Advance”
$1,000 grant does NOT have to be repaid
The Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program has a provision that some small business owners and/or independent contractors/sole proprietors who were negatively impacted by COVID-19 did not...
Key Highlights
Nearly 2.4M new unemployment applications for both federal and state unemployment benefits filed last week as COVID pandemic resurgence accelerates
Two of three jobs cut during pandemic have not returned
Openings for new jobs down 25% from this time last year, according to Indeed Hiring Lab, research arm of Indeed job search website
Totaling nearly 2.4M new unemployment...
Key Highlights
Homebuyer mortgage demand spikes +33%
Mortgage interest rates fell to 3.03% last week, an all-time low
Homebuyers rushed into the market last week as mortgage interest rates hit yet another record low. Purchase applications rose +5% for the week AND were an eye-popping +33% compared to one year ago at this time, according to the Mortgage Bankers Association’s...
Listen to Tim and Julie Harris share with you the highlights (and some low-lights) of their previous week. The also banter about the future of housing, rising taxes and the political and social uncertainty that seems to be dominating the headlines. In such turbulent times it is critical that you learn to set your own sail and choose the...
