New Tiny Home Village in Grants Pass for Homeless Population

GRANTS PASS, Oreg. — Rogue Retreat, in partnership with Allcare Health, broke ground Wednesday on a new project in Grants Pass. In 2017, they opened ‘Hope Village’ in Medford. It is a small tiny home community, focused on transitioning homeless people into long-term housing. Foundry Village, will be located on Foundry street in Grants Pass. […]

The Apartment Market Goes on a Rollercoaster Ride

The apartment market is going through some ups and downs. May 2020 electronic payment volume, compared to February 2020, increased 14% and was driven by card payments, a report from MRI said. Card usage for May 2020 was up 58%, as compared to February 2020. It’s possible that more renters are struggling to make ends meet, said MRI. According […]

Fed Pledges to Maintain Current Pace of MBS Purchases

The Federal Reserve pledged on Wednesday to keep buying Treasuries and mortgage-backed securities to the tune of about $120 billion a month. There had been concern among economists about the Fed’s announcement at the end of April that it was slowing the pace of purchases after concluding that its bond-market rescue worked. The Fed’s presence in the bond markets, an […]

Searching for a Virtual Summer Camp?

For many parents, working remote has included wrangling kids who converted to distance learning in the midst of the COVID-19 pandemic. Now, as students transition to summer, parents are relieved of the duty to oversee schoolwork, but since many traditional summer programs have been cancelled, they still have to find ways to keep kids engaged […]

Only 1 in 10 Borrowers in Forbearance is Equity Poor

About 1 in 10 mortgage borrowers who are in forbearance has less than 10% equity in their property or is underwater, indicating defaults will remain limited, according to Black Knight. About 9% of borrowers with suspended payments are “equity poor,” meaning their mortgage balance is greater than 90% of their property’s value, and 1% of borrowers is underwater, […]

Potential Homebuyers Are Going to Face Historically Low Inventory the Summer

With a decreased number of new home listings, what will happen when homebuyers re-enter the market this summer? LendingTree says that 53% of homebuyers are more likely to buy a home in the next year because of the COVID-19 pandemic, with respondents saying they’re either tired of the small space they live in currently or don’t care where they […]

Mortgage Rate Rises 3 Basis Points from a Record Low

The average U.S. rate for a 30-year fixed mortgage rose three basis points to 3.18% this week from the all-time low of 3.15% set in the prior week, Freddie Mac said on Thursday. Home financing costs ticked up as the yield on the 10-year U.S. Treasury note, a benchmark for mortgage investors, rose to 0.761% Wednesday, its highest level […]

Unemployment Rate Surprises, Declining to 13.3% in May

The U.S. unemployment rate unexpectedly declined to 13.3% in May, down from a record 14.7% in April, as the economy added 2.5 million jobs, the Labor Department said on Friday. It was the second-highest unemployment rate in data that goes back to 1948. Economists expected the number to rise to 19.8%, according to a survey by Trading Economics. […]