Even as businesses begin to reopen, the unemployment rate remains a cause for concern among economists. That makes for much fiscal uncertainty. But despite weakness in the labor market, the housing sector remains robust—it has been reported over the past ...
Read More »‘Flurry of Lawsuits’ Challenge CDC Eviction Moratorium
When the White House made an announcement—by way of the Center for Disease Control and Prevention (CDC) and the Department of Health and Human Services (HHS)—that it would put a new conditional eviction ban in place, many housing-industry experts anticipated pushback from property owners. Then the court cases, ...
Read More »Data Determines ‘Best Political Mix’ for the U.S. Economy
In order to predict a political scenario that would most benefit the U.S. economy, the analysts at Wallet Hub dove deep into data. The researchers compared the condition of the economy under six different situations in which either Democrats or Republicans ...
Read More »VP Candidate Viewpoints: Harris and Pence’s Housing Perspectives
As the country faces a housing shortage as well as a fast-approaching presidential election, whichever party ends up in the White House in 2021 is going to have a significant impact on housing. Although the vice-presidential candidates did not speak ...
Read More »‘Good Time to Sell’ Sentiment Climbing
Fannie Mae's Home Purchase Sentiment Index (HPSI) increased 3.5 points in September to 81.0. That's the second consecutive month of increase, showing a rebound from late spring continuing. Three of six HPSI components increased month-over-month, and consumers reported a "substantially ...
Read More »HUD Awards $4 Million for Disabled Veterans’ Residences
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) announced $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP), a program designed to create more-accessible homes for ...
Read More »Proposed Bill Would Enact Automatic Forbearance, Prohibit Foreclosures
The the U.S. House of Representatives Thursday passed a $2.2 trillion coronavirus relief package. The proposed bill includes a "far stronger action than the White House has taken previously" regarding evictions, added Bloomberg's CityLab. That is, a complete ban on eviction ...
Read More »High Unemployment Hasn’t Curbed ‘Robust’ Housing Market
Data shows an improving housing market outlook, but high unemployment and lingering economic uncertainty tempers analysts’ expectations.
Read More »FHFA Addresses the Language Barrier
The FHFA, which oversees Fannie Mae and Freddie Mac, recently announced new resources for Americans who need assistance with mortgage loans but who possess limited English-language proficiency. That could be causing homeowners extra hardships during an already trying time, the ...
Read More »Responsibly Addressing Forbearance Costs
"Policymakers Should Maintain Forbearance but Fix Its Costs." That is the title of a new brief published by the Urban Institute’s Housing Finance Policy Center. Research associates Michael Neal, Linna Zhu, and Faith Schwartz explain that mortgage performance following Hurricane ...
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