The real estate market has seen some difficulties, due to an additional quarter-point increase in interest rates by the Federal Reserve. However, some comments by the Chairman of the Fed, Jerome Powell, have hinted that further rate hikes may be…
Habitat Abstract, LLC was the recipient of the Real Estate Achievement & Leadership (R.E.A.L.) Award for Best Title Company at RichnerLIVE’s 2nd annual R.E.A.L. Awards ceremony that took place at the Heritage Club at Bethpage in Farmingdale on March 1.…
A recent report from the Mortgage Bankers Association (MBA) showed that forbearance on mortgage loans in February decreased slightly. Total loans in forbearance fell month over month, from 0.64% in January to 0.60% last month. Fannie Mae and Freddie Mac…
March saw growing instability in the real estate market after several high profile bank failures caused uncertainty to spread among lenders and borrowers alike. Commercial real estate, in particular, has seemed to be in particular trouble, due to failed attempts…
Home sales are down compared to the same time in 2020, according to a report from the U.S. Census Bureau, but prices are on the rise everywhere. This is due to a lack of available inventory compared to existing demand. However, at least one analyst believes that the current situation will not last, and as more newly built homes flood the market, it is likely to reach an affordability tipping point that will cause prices to drop.
The Federal Home Loan Mortgage Corporation, more commonly referred to as Freddie Mac, has recently issued Bulletin 2021-36, which details how the company will deal with cryptocurrency. The new bulletin is meant to address the growing influence of these digital assets, and the extent to which they are now publicly traded. However, cryptocurrency advocates are unlikely to be pleased with Freddie Mac’s assessment, which puts little faith in their stability as an asset.