Ban on evictions and foreclosures for a year, impact on real estate

Ban on evictions and foreclosures for a year, impact on real estate

New eviction laws that Democratic lawmakers recently passed would prevent landlords from filing evictions for nonpayment for a full year after the bill is passed. It would further prohibit foreclosures over nonpayment over the same period and enact automatic...
Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

FHA has placed a moratorium on foreclosures from mortgage loan defaults and offered any borrower that requests it an extension to not make payments for a year (HUD). This effectively kicks the can down the road and pushed out any impending actions until March of...
Unemployment rate and housing at historic highs; How is this possible?  Which will win?

Unemployment rate and housing at historic highs; How is this possible?  Which will win?

The Coronavirus has created a unique financial situation.  Unemployment rates are at record highs, with companies announcing long term downsizing.  At the same time residential real estate is hitting new records and continues to increase in the face of the economic...
Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

2020 was already tough for real estate, then Coronavirus hit, what is the impact?

We are still funding in cash.  Before the Pandemic, the United States economy was on track with the longest running bull market, record low inflation wages increasing, record low unemployment, and historically low mortgage rates.  Even with all this good news, there...
Unemployment hits all time highs yet house prices continue to rise; Why?

Unemployment hits all time highs yet house prices continue to rise; Why?

We are in an interesting economic cycle.  In the last recession, house prices plummeted up to 60% in some areas.  We currently hit the highest unemployment rate since the great depression yet house prices continue to appreciate.  This is exactly the opposite of what...