Housing Market Updates | Janet Martin | Mid America Mortgage, Inc.

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

Apr 15, 2021 | Distressed Properties, Foreclosures, Housing Market Updates

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are...

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

Apr 15, 2021 | Baby Boomers, Demographics, For Buyers, For Sellers, Generation X, Housing Market Updates, Infographics, Millennials, Move-Up Buyers, Senior Market

Some Highlights If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying...

What Is the #1 Financial Benefit of Homeownership?

Mar 17, 2021 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has...

Will the Housing Market Bloom This Spring?

Mar 11, 2021 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, New Construction, Pricing

Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say...

6 Simple Graphs Proving This Is Nothing Like Last Time

Mar 10, 2021 | Distressed Properties, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year...

How Upset Should You Be about 3% Mortgage Rates?

Mar 10, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing...