Post Archive by Month: May,2020

Housing Market Positioned to Bring Back the Economy

27 May

All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes:which sectors of the economy will drive its recovery?There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may question that assertion as they…

Memorial Day 2020

25 May

The unofficial start to summer. In normal times, a four-day weekend for most. Aromas of grilled meats wafting through the air. Echos of kids playing outside. This year, this year is different. This year we, as a nation, are in a battle against an enemy that is only .02 to .05 microns big. We also struggle against the ideology of…

Understanding Mortgage Forbearance

13 May

Let’s do some (simplified) mortgage math!—————————————— Tim has a mortgage which is currently $1,500 per month. Tim gets laid off, calls the servicer, and asks for forbearance. In one phone call, he gets 6 months “off” from paying. Seven months later, Tim is finally back to work, and hasn’t been able to save any money during the forbearance. Forbearance is…

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