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.

Everyday millions of Americans go to work to feed families and keep our country strong. Today is a day to celebrate the hard workers of our nation. We hope that each and everyone of you have a day of relaxation with friends and families, and enjoy a much earned day off.

The Biden administration is correct that there is a lack of affordable housing in our nation. While it would be fantastic if the supply of affordable housing were to increase in the near future, renters should not wait for that to happen to plan for buying a home. Even though home prices are high, low mortgage rates make buying a home more affordable than continuing to rent in most places.

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.

As of now, the number of homeowners in a forbearance program is about 1.6 million. Most of these forbearances will expire in the near future, which will require the homeowners to go into an exit plan. What are forbearance exit plans and what options do homeowners have?

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.

We love nothing more than helping renters become first-time home buyers and helping current homeowners move from starter homes to dream homes. We are excited to announce Peoples Choice Mortgage is growining and spreading the dream of homeowenrship to Colorado, Florida, and Michigan.

We are very serious about helping you buy the home of your dreams. However, we also know that life is not worth living if you cannot have fun. Our team had a great time putting these videos together and we truly hope you have some fun watching them.

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?

Unfortunately, some of the protections put in place by the federal government are expiring at the end of July. At the same time, COVID case numbers are rising all over our nation, which is creating fears of new lockdowns or restrictions. Fortunately, the White House just announced additional measures of relief for homeowners impacted by COVID.

By making sure we get the most bang for our buck for our housing expenses we can truly impact our ability to generate wealth. If you really scrutinize whether or not it is best to rent or buy a house, it’s clear that renting doesn’t make sense.

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?

Some homeowners are looking to take advantage of today’s mortgage rates and do even more than merely save some cash. They have been looking for ways of tapping into their home’s equity and getting some extra cash to improve their lives. Homeowners have been doing this with cash-out refinancing.

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.

Ginnie Mae just announced that they are going to offer 40-year mortgages. What do these programs look like and who are they for?