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Local Market Monitor’s National Economic Outlook – May 2020

Local Market Monitor’s National Economic Outlook – May 2020 Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. National Economic Outlook By Ingo Winzer May 11, 2020 – We can now see the depth of the […]

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Mortgage Credit Availability Decreased in April

Mortgage Credit Availability Decreased in April The Mortgage Bankers Association is reporting that their Mortgage Credit Availability Index (MCAI) decreased 12.2% in April, which they say is an indicator that lending standards are tightening.  The MCAI  report analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool.  Indeed… “The abrupt weakening of the economy

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FHFA Extends Foreclosure and Eviction Moratorium

FHFA Extends Foreclosure and Eviction Moratorium The Federal Housing Finance Agency (FHFA) announced in mid-May that they are extending their moratorium on foreclosures and evictions until at least June 30, 2020.  The foreclosure moratorium applies to Enterprise-backed (Fannie Mae & Freddie mac), single-family mortgages only. The current moratorium was set to expire on May 17th. 

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Why Requiring Renter’s Insurance is a Pro Landlord Move

Why Requiring Renter’s Insurance is a Pro Landlord Move In a recent episode of the Rent Perfect podcast, David Pickron talks about the importance of requiring renters insurance in rental leases.  He says many landlords miss the mark by not requiring their tenants to have a Renters Insurance policy.  David is joined by insurance veteran

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Home of the Week: Johnny Cupcakes founder owned this sweet spot near the Hull ferry

Home of the Week: Johnny Cupcakes founder owned this sweet spot near the Hull ferry The Hull home has 5 bedrooms, including a suite that takes up the entire third floor. The post Home of the Week: Johnny Cupcakes founder owned this sweet spot near the Hull ferry appeared first on Boston.com Real Estate.

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Redfin’s CEO Predicts Exodus from Expensive, Large cities

Redfin’s CEO Predicts Exodus from Expensive, Large cities Redfin CEO Glenn Kelman says to expect something close to an exodus from expensive, large cities as the pre-pandemic trend has greatly accelerated. He said searches and the long-term trends are both pointing to areas outside of big cities.  Kelman was a guest on CNBC’s Power Lunch

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