John Montgomery

Oct. 28, 2020

Mortgage rate forecast for 2021

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that mortgage rates could rise in the year to come, but that they will remain near all-time lows.

Forecast

Fratantoni pointed out that the job losses seen in 2020 have been unprecedented, even when compared to the ...

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Oct. 21, 2020

Consumer confidence hits pandemic high

 

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact ...

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Oct. 13, 2020

Home sales are up

       

 

Home sales are up, and so are the prices.

Median home sale prices have made the largest increase on record, jumping 15% year over year for the week ending Oct. 4. The previous largest increase was 14.5% seen in September 2005, according to Redfin  ...

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Oct. 7, 2020

How does the market compare to last year's success

Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered.

Mark ...

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Sept. 30, 2020

Is the recovery beating projections?

 

Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to ...

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Sept. 23, 2020

How to Get Your Autumn Fix This Fall

Fall is right around the corner, and as you start swapping your shorts and t-shirts for pants and sweaters, you may be wondering how you can make the most of the season this year. Fortunately, we’ve done our research, and there are plenty of ways to safely experience fall 2020 ...

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Sept. 2, 2020

Tips for Surviving an Unconventional Return to (Home) School

 

As the days grow shorter and we creep toward autumn, parents eagerly look forward to the time-honored tradition of sending their kids back to school. With kids finally out of the house and accounted for, maybe there’s even a little bit more time to linger over that last cup ...

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Aug. 26, 2020

REFI now or face REFI penalty

 

This story has been updated with reaction from industry trade groups.

The Federal Housing Finance Agency announced Tuesday it is postponing the date it will begin implementing its adverse market refinance fee to Dec. 1.

The FHFA directed Fannie Mae and Freddie Mac to delay the implementation date of ...

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Aug. 19, 2020

@ The Market: Summer 2020 Report

 

 

@ The Market: Summer 2020 Report

 

For the latest installment of @ The Market, @properties co-founders Thad Wong and Mike Golden took to the rooftop at Superior House, a new luxury condominium building in River North, to talk about a number of interesting real estate market trends. Watch the ...

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Aug. 4, 2020

Can rates go below 2%?

 

Low housing inventory continues to drive higher home prices, with the average median home price climbing to a new high in July: $349,000. That’s 8.5% higher than last July, but when you consider the drop in housing inventory during the pandemic, it makes sense. In the nation’s ...

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