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Most homeowners have exited mortgage forbearance programs—but those who are left are the most vulnerable

As of March 2021, about two-thirds of homeowners who signed up for some type of mortgage forbearance during the Covid-19 pandemic have exited the programs, according to new research from the New York Federal Reserve. Only 35% of borrowers, or about 2.2 million homeowners, who signed up for forbearance remain in these programs, the New York Fed found. …

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Buyers Expect the House Hunt to Get Easier Home buyers are up against limited inventories of homes for sale and struggling to triumph in a competitive market. But they’re hopeful for a turnaround over the next few months. Thirty-three percent of prospective buyers recently surveyed are hopeful that it will be easier to find a …

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pending home sales grow in march

WASHINGTON (April 29, 2021) – Pending home sales increased in March, snapping two consecutive months of declines, according to the National Association of Realtors®. All but one of the four major U.S. regions experienced month-over-month gains in March, while each area recorded year-over-year growth. The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator of home …

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