Industry News

Home buyers rush back out even as sellers stay on sidelines

Homebuyers rush back out even as sellers stay on sidelines

Tom Oslund

At a two-hour open house Saturday in Atlanta, about seven mostly masked families toured a 6-bedroom, 6-bathroom newly built home priced at just over $3 million. Noah Graubart and his wife were looking for something close to their children's new elementary school. 

"It seems like the number of houses on the market had kind of paused," said Graubart, who toured the home with his wife and...

Are you a homeowner seeking forbearance on your mortgage? Watch out for these red flags

Are you a homeowner seeking forbearance on your mortgage? Watch out for these red flags

Tom Oslund

Homeowners are asking for breaks on their mortgage payments in droves, as millions of Americans face the prospect of unemployment or reduced income because of the coronanvirus pandemic. But requesting forbearance on your mortgage isn’t foolproof.

The CARES Act stimulus package requires servicers to provide forbearance — a temporary postponement of payments — to any homeowner with a...

New Home Sales Remain Stable in September

Tom Oslund

Sales of newly built, single-family homes decreased 0.7% to a seasonally adjusted annual rate of 701,000 units in September off a downwardly revised reading in August, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 7.2% higher than the same period in 2018.

“New home...

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