3M homeowners remain in forbearance
by By Georgia Kromrei on 2020-10-23 at 10:30 PM
Nearly 3 million U.S. homeowners were in forbearance programs as of this week, a massive amount but still a sharp drop from 4.76 million at the height of the pandemic. That’s according to a new report from mortgage-data firm Black Knight, which also found significant drops in weekly totals. There were 11,000 fewer homeowners in Covid-19 mortgage forbearance programs with their lenders than […]
Bank OZK’s lending up in third quarter
by By Keith Larsen on 2020-10-23 at 10:29 PM
New York’s commercial real estate market has been pummeled by the pandemic, but one of its biggest condo construction lenders reported almost no write-downs in the third quarter. On its earnings call Friday, Arkansas-based Bank OZK reported that its net charge-off rate, or ratio of loans written-down to total loans originated, was 0.09 percent. That is well below the industry average of […]
Do over: North Miami Beach to re-vote on...
by By Katherine Kallergis on 2020-10-23 at 10:20 PM
Dezer Development will return to the North Miami Beach commission for a re-vote on two ordinances tied to the contentious redevelopment of the Intracoastal Mall, despite securing approval earlier this week. In the Zoom commission meeting on Tuesday that ended after 2 a.m., two commissioners were absent for the vote. Still, the two ordinances passed on second reading. Three commissioners voted for […]
Selling Your House Is the Right Move, Right Now...
by KCM Crew on 2020-10-23 at 10:00 AM
Some Highlights Demand from homebuyers has skyrocketed this year, which means today’s sellers are poised to win big. This ideal moment in time to sell your house won’t last forever, though. With more sellers coming to the market in the spring, waiting until next year means buyers will have more choices, so your home may not stand out from the crowd. Let’s connect today to […]
Home Values Projected to Keep Rising
by KCM Crew on 2020-10-22 at 10:00 AM
As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.
Why Today’s Options Will Save Homeowners from...
by KCM Crew on 2020-10-21 at 10:00 AM
Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did,
Video: Weekly Economic and Housing Market Update...
on 2020-10-23 at 9:06 PM
Video: Weekly Economic and Housing Market Update Realtor.com News
‘Nugget the Nomad’: La Jolla Realtor...
on 2020-10-23 at 9:06 PM
‘Nugget the Nomad’: La Jolla Realtor publishes her first book to help children cope with struggles La Jolla Light
Looking for a Life Change? Skate Into a Roller...
on 2020-10-23 at 9:02 PM
Looking for a Life Change? Skate Into a Roller Rink on Sale for $359K Realtor.com News