Freddie and Fannie just announced payment relief for unemployed borrowers. It appears these folks can have an up to 12 month moratorium on payments. The effect for the real estate market is to make the already persistent inventory shadow even longer.
Recent data on home values is mixed as usual. Only local data is worth taking into account in business decisions - the national numbers are just guesses, and the market will be troubled in most places for years. So plan accordingly. Don't react to these frequent spots of good news in a national context.
Rental prices are increasing as the young folks who used to buy in the 25-35 years are renting, and commercial construction of rental units is improving.
Altos, FHFA, Case/Shiller, AVMs, are still good sources for local trends but treat each home as a risk management assignment and enlist the real estate pros with realistic outlooks and demonstrable success valuing and selling home in our long winter of discontent.
When a complex assignment comes in, tag-team the deal; put your best people on it. These times are not for those short on experience or for the faint of heart.
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