Report: America Is Short 5.24M Homes
The shortfall continues and even increased by 1.4M homes since 2019. New-home construction has hit its slowest pace since 1995 and isn’t much headway. SANTA CLARA, Calif. – More real estate listings are coming to the market, but that won’t be able to make up for the fact that America is short millio
Population Rise Prompts Housing Shortage, Delays in Construction
Fla.’s population is up, in part because of COVID-19 and people relocating from elsewhere, putting pressure on housing. But Fla. residents are relocating, too. Floridians moving to St. Lucie from 2019 to 2020 rose by 163%, according to homestead applications tracked by the property appraiser. STUART
Number of Mortgages in Forbearance Drops to 3.5%
Mortgage bankers say that many homeowners are coming out of forbearance, with only 7.4%, so far, either selling the home, doing a refi or otherwise paying off the mortgage. 1 in 4 (23.2%) never stopped making monthly payments; another 1 in 4 (28%) ended up having their loans deferred. NEW YORK – The

Lance Willard
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