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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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Tax Deductions on Home Equity Loans and HELOCs: What You Can (and Can’t) Write Off

Do you have a home equity loan or home equity line of credit (HELOC)? Homeowners often tap their home equity for some quick cash, using their property as collateral. But before doing so, you need to understand how this debt will be treated come tax season. With the 2018 Tax Cuts and Jobs Act, the rules of home equity …

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Realtors Are Sharing Their Secrets With Us And Honestly, I’ll Never Look At Zillow The Same Way

Recently, we asked the real estate agents of the BuzzFeed Community to tell us their surprising secrets and stories from working in their field. Here’s what they told us! 1. Places where things like murders have occurred are known as “stigmatized properties” and each state has its own rules on disclosure. “We are legally required to disclose any defects that …

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