Prices for Lumber Soar as New Homes Prices Spike

From The National Association of Home Builders: Average New Home Price Now $16,000 Higher Due to Lumber The recent spike in softwood lumber prices has caused the price of an average new single-family home to increase by $16,148 since April 17, according to NAHB standard estimates of lumber used to build the average home. Similarly,Continue reading “Prices for Lumber Soar as New Homes Prices Spike”

Flood Risk Tool for Consumers Rolled Out Today

Realtor.com® Announces New Flood Risk Tool – Washington Report Joseph Ventrone Washington Report: Advocacy Updates from Washington D.C. Realtor.com® Announces New Flood Risk Tool August 26, 2020 National Flood Insurance Program By: Austin Perez On August 26, 2020, realtor.com® rolled out a new property listing feature called Flood Factor™, an online flood risk visualization toolContinue reading “Flood Risk Tool for Consumers Rolled Out Today”

Breaking News from the National Association of REALTORS® re: PPP Loans

SBA Rolls Out Major Updates to PPP The Small Business Administration and U.S. Treasury Department on Wednesday rolled out major updates to the Paycheck Protection Program, offering automatic forgiveness for certain independent contractors and creating a broader application form for forgiveness. Specifically, the updated forms clarify that the “owner compensation” amount automatically forgiven for borrowersContinue reading “Breaking News from the National Association of REALTORS® re: PPP Loans”

National Association of REALTORS® – Mortgage & Personal Finance RE: COVID-19

My company’s offices are closed, and I am having a hard time providing my final verification of employment within the 10 days prior to loan closing. FHA and RHS are allowing verbal verification of employment. Specifically, your employer can provide this by phone. RHS is also allowing email verification. If you cannot get either ofContinue reading “National Association of REALTORS® – Mortgage & Personal Finance RE: COVID-19”

From the National Association of REALTORS® – Special Pandemic Unemployment Frequently Asked Questions

CARES Act (Coronavirus) Unemployment Assistance FAQs The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law on March 27, 2020, provides relief to families, small businesses, and individuals who are self-employed and independent contractors. A key provision in the law creates a temporary “Pandemic Unemployment Assistance” program that extends unemployment benefits toContinue reading “From the National Association of REALTORS® – Special Pandemic Unemployment Frequently Asked Questions”