At the end of September, we are facing another expiration. This time it is the end of the forbearance extension. Those that are waiting for this expiration to finally be the death knell of our real estate bull run will be sorely disappointed. Home buyers and homeowners will continue to reap the benefits of a solid real estate market.

On Thursday, the Supreme Court overturned the CDC’s eviction moratorium. This decision allows renters to be evicted, which will impact approximately 3.5 million Americans throughout the nation.

Because we are so used to getting what we want when we want it, it can be frustrating to have to wait. However, the old adage that the best things come to those who wait is true in some instances. That is the case when it comes to buying a home. For home buyers, patience and persistence pay off.

Right now, only about 28% of home buyers think it is a good time to buy a house and much of that is thanks to the direction of home prices. However, popular sentiment is not always correct. Just because a majority of people think it’s not a good time to buy a house it doesn’t mean they’re correct. In spite of home prices, it is far better to be making mortgage payments than rent payments.

For home buyers, rising home prices have made their journey to buy their dream home rather difficult. Home buyers have had to contend with constant bidding wars and houses selling for far more than the original asking price. Thankfully, real estate market conditions are changing. There is good evidence that housing prices are leveling off and it is a great time for home buyers.

The federal government moratorium was set to expire at the end of July and President Biden did not extend it over fear of his legal ability to do so. Instead, President Biden asked Congress to extend it. The situation seemed bleak as Congress was unable to come to an agreement and instead left on their planned recess. Thankfully, the CDC stepped in and extended the eviction moratorium themselves.

Why is it that the most expensive homes and the least expensive homes have seen their prices increase so much compared to other homes? What do these trends mean for home buyers and the real estate market overall? The team at Peopels Choice Mortgage is here to break it down.

The number of COVID cases are rising in every state in the nation, and in some places, in dramatic fashion. The first major surge that occurred in 2020 caused a series of dominoes to fall that impacted all aspects of our lives, including the real estate market. What lessons can we learn from the last year of the pandemic and what will this latest surge mean for home buyers and homeowners?

While Florida has always been a popular destination, its popularity has only grown for home buyers since the beginning of the pandemic. Why is the pandemic causing home sales to surge in Florida and will this trend continue as the pandemic lingers?

The real estate market has been scorching hot for the entire nation; however, the housing market in our backyard has been even hotter. Homes are selling quicker than ever before and home buyers are clammorting to buy the house of their dreams. Recent data regarding the Boston housing market seems to indicate that these trends will continue for the time being.

The winds of change are blowing and home buyers soon will not find themselves caught between a rock and a hard place. Things are starting to look up for home buyers, which means that now is the perfect time to prepare to buy a house.

If you are paying attention to the number of mortgage applications being processed, you might wonder if it is a warning sign for the market. However, other data indicates that declining mortgage applications is nothing to worry about.

Many prognosticators believe that the pandemic has created the conditions for another crash. Thankfully, history does not always repeat itself. We learned enough from 2008 to make sure the real estate market is not collapsing.

Since demand has been sky high while supply has remained low, home buyers have been facing record high prices. While just as many home buyers want to buy a home, many are being priced out of the market, which is decreasing sales. Thankfully, the forces behind supply and demand seem to be turning and home buyers might start having more opportunity to land the houses of their dreams.

Understanding the relationship between mortgage rates and inflation will give you a better picture of the economy and help you be prepared as homeowners and home buyers.

In fact, now that the pandemic is receding our economy is growing at a rate that has not been seen since 1984. Unfortunately, another economic indicator is blinking red. Inflation fears are rising. The good news is that real estate might be immune.

Basically, we are witnessing an affordable housing crisis in our nation. Fortunately, there is a solution to this crisis that does not require political action. The solution is simple: buy a house.

All indications are that mortgage rates are going to start rising and will continue to rise through the end of this year. The team at People's Choice Mortgage is here to give you the data regarding mortgage rates and what it means for homeowners and home buyers.

ven though the pandemic is not quite stamped out, it is clear that America is getting back to business. This is great news for an already hot real estate market.

New home sales in February dropped well below their January levels. Does this mean the red hot housing market is cooling down? Does this mean that homebuyers have finally had enough? The team at Peoples Choice Mortgage wants to take you behind some of this data to give you the full picture. When you look at all the numbers, the housing market is strong as ever and nothing is stopping motivated homebuyers.