#interestrates #interestratesarelow #interestratesaredown
Wednesday, December 16, 2020
Sunday, November 15, 2020
In the midst of a pandemic, wealthy buyers are snapping up metro Phoenix's million-dollar homes at a record pace.
Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/11/15/million-dollar-home-sales-soar-metro-phoenix-despite-pandemic/6267235002/
Posted by Lillian Wong at 10:08 AM
Monday, October 12, 2020
Amid all the uncertainty brought on by COVID-19 over the past six months, one thing is assured: the pandemic has re-ordered real estate markets across the board on an unprecedented scale.
Read more... https://www.forbes.com/sites/petertaylor/2020/10/11/covid-19-has-changed-the-housing-market-forever-heres-where-americans-are-moving-and-why/
Posted by Lillian Wong at 9:33 AM
Sunday, September 6, 2020
Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. We've been seeing real estate appreciation rates increasing year-over-year in the entire metro area. The Greater Phoenix area was also predicted to be among the top housing markets in the year 2020. It is now clear that the pandemic could not change that prediction. It could only pause sales, which in turn created a huge pent up demand.
Read more... https://www.noradarealestate.com/blog/phoenix-real-estate-market/
Posted by Lillian Wong at 10:35 AM
Monday, May 25, 2020
Historical data from the late 1990s show a financial crisis is often followed with a steep increase in housing prices. If real estate grows in a similar manner as the 2000s, safe haven assets like gold and potentially Bitcoin may follow.
Read more... https://www.forbes.com/sites/youngjoseph/2020/05/24/historical-data-shows-housing-market-will-boom-after-the-2020-crisis-and-so-will-bitcoin/
Posted by Lillian Wong at 7:40 AM
Saturday, May 23, 2020
Washington, D.C. – Today, to support borrowers and mortgage servicers, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) have issued temporary guidance regarding the eligibility of borrowers who are in forbearance, or have recently ended their forbearance, looking to refinance or buy a new home.
Read more... https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Announces-Refinance-and-Home-Purchase-Eligibility-for-Borrowers-in-Forbearance.aspx
Posted by Lillian Wong at 9:09 AM
Tuesday, May 19, 2020
The Federal Housing Financing Agency (FHFA) announced Tuesday that Fannie Mae and Freddie Mac have issued temporary guidance regarding the eligibility of borrowers in forbearance, or recently ended their forbearance, looking to refinance and purchase a home.
Read more... https://dsnews.com/daily-dose/05-19-2020/fhfa-issues-guidance-on-refinances-purchases-while-in-forbearance
Posted by Lillian Wong at 7:45 AM
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