In today's news
Purchases Up, Refinances Down, Forbearances Keep Climbing
The Mortgage Bankers Association said this week that 8.46%, or about 4.2 million, of America's home mortgages are now in forbearance, a number that hasn't quit growing since the pandemic began. On the other hand, while a decline in refinancing growth pinched total new mortgage applications, purchase mortgages also are up, another indicator of a possible market rebound.
Recommended Reading for Back to School
Student housing developments have popped up in college towns across America, but will the pandemic push the pause button on leasing and occupancy when fall classes start? Maybe not so much. Check out this in-depth look at that topic.
Something Else to Think About: Hurricanes
Civil unrest and a deadly pandemic aside, been thinking about the beach lately? A report from CoreLogic (NYSE: CLGX) as hurricane season dawns might put a damper on plans for a trip or an investment. The property analytics firm says nearly 7.4 million U.S. single and multifamily homes are at risk of storm surge and mandatory evacuations this year.
Market Moves and Movers
Is Digital Realty Trust a Buy?As an investor in owning and operating data centers, Digital Realty Trust (NYSE: DLR) is a real estate investment trust (REIT) of a different sort than many in the market. Is now a time to invest in it yourself?
Get the lowdown on how modular construction works when it comes to quickly expanding patient capacity. EIR starts with MedModular, a complete factory-built patient room. We pose five questions about this timely development to EIR's CEO Grant Geiger.
Get the 'Dirt on the real estate market
Are you looking for the next hot real estate market? Want to know how new rules and regulations could impact your next home purchase or real estate investment? Would you like to find out which improvements to your property will get you the most bang for your buck? We cover all these things and more in our newsletter, Paydirt.
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