Tim and Julie Harris continue with ‘Rule 4’ and ‘Rule 5’ drilling down on the concept that you have an actual moral obligation to be rich. The word ‘rich’ causes a good bit of confusion, distain and resentment in some social circles. It’s become normalized to actually distrust people who are ‘rich’. After all, don’t […]
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Key Highlights Q1 2020 home flipping represented 7.5% of all home sales in the quarter Q1 2020 home flipping rate hit highest level since Q2 2006 Typical gross flipping profit rendered 36.7% ROI, lowest level since Q3 2011 ATTOM Data Solutions’ Q1 2020 US Home Flipping Report represents both good and bad news for the […]
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Key Highlights Pandemic shutdown resulted in loss of +22M jobs in March and April and unemployment rate went from 4.4% in early March to 14.7% in late March and April Unemployment rate dropped to 13.3% in May Apartment List monthly survey looked at no or partial housing costs payments in April, May and June Unemployment […]
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Key Highlights There approximately 4.3M mortgage loans in forbearance Homeowners can ask their mortgage servicer for forbearance and suspend monthly mortgage payments for up to 12 months Partnership of Freddie Mac and HousingWire answers common questions about mortgage forbearance With some 4.3M mortgage loans now in forbearance under the CARES Act, it is important that […]
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Listen now as Tim and Julie Harris share with you the truth about what being rich will mean for you and your loved ones. Do you believe that more money doesn’t make you ‘happier’ and your life ‘better’? Why do someone people believe that scarcity is the route to happiness….in other words, how could it […]
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Key Highlights Consumer Financial Protection Bureau CFPB) eliminating Debt-to-Income (DTI) requirements from Qualified Mortgage (QM) in Regulation Z standards CFPB shifting from DTI to “alternatives” such as pricing threshold or price-based approach Shifts level playing fields for private investors who had to compete with GSE’s that already exempt from DTI requirement The Consumer Financial Protection […]
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Key Highlights 1.5M jobless workers filed new claims for state unemployment benefits, according to US Labor Department 14 straight weeks of +1M unemployment claims Additional 728,000 filed for benefits from Pandemic Unemployment Assistance The US Labor Department reported that 1.5M now jobless workers filled for unemployment insurance benefits last week. This string of +1M fillings […]
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Join Tim and Julie Harris on their weekly Sunday special podcast. Sundays are about defragging from the previous week and prepping for the following week. Never before in our lifetimes has some much changed so quickly. It is normal to feel fearful and without direction. So many real estate brokerages, teams (and agents) will be […]
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Key Highlights Homebuilder sentiment jumped to biggest monthly surge ever, according to National Association of Home Builders/Wells Fargo Housing Market Index Jump from 37 points in May to 58 points in June Any reading above 50 indicates positive market Mortgage purchase applications for new builds also jumped +10.9% y/y in May, according to Mortgage Bankers […]
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Key Highlights LaHaus, launched in 2017, disrupting Latin American housing market with digital end-to-end transactions Latest funding round raised $10M with contributions from big guns such as ex-Trulia and Zillow executives Jumping through all the hoops to buy/sell a house in the US is a breeze compared to the hurdles of buying/selling a home in […]
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Tim and Julie Harris 