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Here’s why we won’t see a housing crisis after COVID-19

Housing Wire

Vaccine development is progressing with some promising early results. I already hear murmurs from the fear-mongering housing bears that once the forbearance plans expire, we can expect to see a collapse of the housing market in America like we haven’t seen since the bubble years. What can we expect post COVID-19?

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Report suggests capital gains tax is discouraging older homeowners from downsizing

Housing Wire

While recent housing market reports and trends have shown that older homeowners are unwilling to sell their homes for a variety of reasons, one of them may be the expected requirement to pay capital gains taxes stemming from the post-pandemic explosion of home-price appreciation, according to a report from Business Insider.

Sellers 397
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HUD: A racial divide exists between FHA homeownership and rental assistance programs

Housing Wire

Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. Researchers at the U.S.

Tenants 488
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Trade groups express concern to FHFA over historic credit data

Housing Wire

“Many industry participants have raised concerns about this, given that the data was generated during a time when the housing market was appreciating, and unemployment was declining to historic lows.

Legal 448
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. The housing market story is about where the 10-year yield is going.

Inventory 501
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How will Malibu wildfire affect California homeowners insurance?

Housing Wire

Malibu’s Franklin Fire torched over 4,000 acres this week in one of the country’s most expensive housing markets, putting more pressure on homeowners insurance premiums in a state that is already facing an insurance crisis. What will happen to insurance costs in California now?

Insurance 370
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eXp Olympian Chad Hedrick on the power of a real estate team

Housing Wire

Hedrick and his team provide the best possible service to the luxury real estate market in Houston, Texas. He founded the Gold to Sold Group in 2017, and the organization now represents the “gold standard” in the Houston housing market. That journey started in 2003. About one year later, I became the world champion.