Tag: real estate
Pending Home Sales Plummet Nearly -21% in March
Key Highlights
Pending home sales or signed contracts to buy existing homes plummeted -20.8% in March, according to National Association of REALTORS® (NAR)
Compared...
Weekly Purchase Applications Recover as Rates Hit Record Low
Key Highlights
Interest rates for a 30-year fixed mortgage decreased to 3.43% from 3.45% the week prior
Mortgage demand from buyers jumped +12% from...
Podcast: Big Boom In Housing Sales Coming Soon!
YES, Tim and Julie Harris are expecting a big boom in housing sales starting around June. How long will this mini-boom last...maybe through the...
What To Do If COVID Lockdowns Extended into Next Year?
Key Highlights
Trying to extend closures sparking protests and backlashes
New York’s Mayor Bill DeBlasio told Fox News he doesn’t expect NYC to open...
Default Cycle Has “Officially” Begun
Key Highlights
Goldman Sachs forecast 13% default rate last week
Moody’s forecast 14.4% default rate by end of March 2021 and to rise to...
How Far Will $1,200 Stimulus Check To for Owners & Renters?
Key Highlights
Under the CARES Act passed by Congress last month, a typical American is to receive a one-time stimulus check of $1,200
Stimulus...
Banks Earned $10B in Fees for Handling Small Business Loan Program
Key Highlights
Banks and credit unions handling $349B loan program for small business earned $10B in fees
Loan processing required less vetting by and...
So Far, 2nd Go-Around for PPP No Better than the First
Key Highlights
First go-around with PPP riddled with problems and chaos
1st go-around ran out of$349B in 13 days and most small businesses shut...
No New EIDL Applications Being Accepted by SBA
Key Highlights
The SBA not accepting new applications for Economic Injury Disaster Loan assistance program
Applications already submitted to be processed on first come-first...
Podcast: Will Housing Boom When States Reopen?
Join Tim and Julie Harris as they discuss the nature of the housing market as the states 'reopen' for business. Will there be a...
