Ending the national eviction will have a different impact in different states, with some positive outcomes, like an increase in homes available for rent or for sale and dire ones like increased homelessness. Getting rental assistance payments out to tenants at risk of eviction is critical, especially in states like South Carolina, which halted most
With 42% of homebuyers paying more than list price and nearly two-thirds of offers facing bidding wars, it’s easy to get swept up in this frenzied housing market. As a homebuyer, it can be difficult to know when you are at risk of overpaying for a home or when to walk away. And it is
Here are the ways I expect the housing market to change once most Americans are vaccinated and the economy fully reopens. Home values will grow as the economy recovers, but at a slower pace as higher mortgage rates temper demand Double-digit home-value growth will end as the U.S. reaches herd immunity and the economy
In order to solve the housing shortage, the Biden administration should spend its affordable housing budget outside of expensive California cities and focus instead on building housing in already affordable places like the Midwest and South. The U.S. currently faces a housing shortage of 2.5 million homes. The number of homes for sale is at
With the end of the pandemic in sight, more people will relocate than in over a decade The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession. In early 2021, homebuyers will remain undeterred by the pandemic, eager to take advantage of sub-3% mortgage rates while they last. Later
Investors and first-time homebuyers will quickly buy up an impending wave of foreclosures from homeowners saddled with debt during the pandemic More than 3.3. million of U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends. While some of those homeowners who are overleveraged or unaware of their options will contribute
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