Mortgage rates down 35% in 2 years
| Southern California News Group |
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Forbearance should forestall foreclosures
BY JONATHAN LANSNER | | | Foreclosures will rise in the months ahead as government-mandated support for struggling homeowners subsides.
But economists told the National Association of Real Estate Editors conference not to expect another flood of repossessed homes.
Yes, the chart above from CoreLogic shows, the number of distressed homeowners is soaring. However, forbearance — which gives borrowers more time to make loan payments — provides a financial crutch, said the data company's chief economist, Frank Nothaft. | | | | Wall Street wants an Airbnb. The home-sharing company made a triumphant debut on the public market — shares instantly doubled. | | |
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| INSIDER TALK | | Matching furniture can make a home office or classroom an asset. Leslie Eskildsen's thoughts on house selling. | | | | How cheap? Pandemic helps push mortgage rates down 35% in 2 years. Jeff Lazerson's thoughts on lending. | | | | Why can’t I get the HOA meeting minutes? Or other documents? Kelly Richardson's thoughts on homeowner's associations. | | | | As industrial space booms, expect more subleases in 2021. Allen Buchanan's thoughts on commercial real estate. | | | | PERSON TO WATCH | | It's her last year as chief economist for the California Association of Realtors. Leslie Appleton-Young is optimistic for the year ahead. | | |
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