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Expiration of Mortgage Bailout Programs Unlikely to Cause Foreclosure Crisis

Pro Builder

CNBC reports that 400,000 expirations will occur this month, 18 months after the largest wave of enrollment back in March and April 2020. At the peak in May 2020, there were 5 million borrowers in forbearance programs and that has since dropped to 1.618 million, accounting for 3.1% 1 trillion in ‘tappable equity’.

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Latinx Americans Push Up Total U.S. Homeownership Rates

Pro Builder

Tue, 10/13/2020 - 09:22. Out of the total US homeowner gains the past 10 years, Latinx Americans accounted for more than 60%. In 2007, on the eve of the Great Recession, a home accounted for 73.1% Latinx homeownership rates have continually increased since 2008, taking total homeownership up with it. Read More. .

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Latino Homeownership Rates Jumped 13% Last Year

Pro Builder

More than 600,000 Latinos purchased a home with a mortgage in 2020, resulting in a 13% purchasing increase compared to 2019. The equity in that property accounts for 57.6% Latino Homeownership Rates Jumped 13% Last Year. cbroderick. Wed, 04/21/2021 - 08:51. of Latino wealth. ® Senior Economist George Ratiu. "For

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Younger Millennials Are Flooding the Market

Pro Builder

Thu, 09/03/2020 - 09:55. Purchases accounted for 61% of activity in July, up from June's 56%, but down from 76% year-over-year. With interest rates at historic lows, now is the perfect time for younger millennials to purchase a home and start building equity. Younger Millennials Are Flooding the Market. cbroderick.

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How Just-in-Time Land Deals Help Manage Cash Flow

Pro Builder

Fri, 06/12/2020 - 05:00. Land of Opportunity: How Home Builders Can Get Creative in 2020. This strategy is most likely driven by current equity shareholders more so than a genuine desire to own less land; after all, wouldn’t the appreciation of land purchased five years ago be conducive to higher margins today?

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Tapping LA’s Rooftop Solar Potential Could Benefit City’s Most Disadvantaged Communities

Business Facilities

The report finds that expanding the program to 600 megawatts will help Los Angeles achieve a state mandate to generate a third of its energy from renewable resources by 2020. Areas identified as “hot spots” include the San Fernando Valley, Downtown Los Angeles and the region surrounding the Port ofLos Angeles.

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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Fri, 05/29/2020 - 06:00. As that momentum carried into January and February, 2020 was looking like it could be the most robust year yet of the recovery. . million starts as it had in January 2020 and stay above that level without the first-time buyer as a major force? Mike Beirne, Senior Editor. Then, poof! Business Management.