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.