Join us for this 1031 exchange webinar and earn CLE.
https://firstam.us/33GiqfU
The Silver Lining for Cities with the Most Homeowner Distress
https://firstam.us/3jYWgvY
Check out our August newsletter and learn more about 1031 exchange replacement property options.
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1031 Exchange Replacement Property Options | First American Exchange Company
“Alone, economic hardship and a lack of equity are each necessary, but not sufficient to trigger a foreclosure. It is only when both conditions exist that a foreclosure becomes a likely outcome.”
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This Time it’s Different – Why a Wave of Foreclosures is Unlikely
What the Historic Mortgage Rate Drop Means for Affordability
Hear what First American Chief Economist, Mark Fleming, has to say about house price growth this summer.
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What the Historic Mortgage Rate Drop Means for Affordability | First American Exchange Company
Pandemic Unlikely to Slow Looming Wave of Millennial Marriages and Corresponding Increase in Potential Homeownership Demand in the Long Run
https://firstexchange.com/articles/what-the-historic-mortgage-rate-drop-means-for-affordability
Congratulations to our own Julie Baird for receiving the Federation of Exchange Accommodator's President's Award!
The President’s Award recognizes outstanding support of FEA and its mission and purpose. Recipients are those individuals who have demonstrated outstanding leadership in their own qualified intermediary position, shown leadership through committee work or at the board level, and have gone above and beyond in their efforts on FEA’s behalf to save and grow the 1031 industry.
Myth or Reality? The Pandemic-Driven Acceleration to the Suburbs
Several reports indicate that the pandemic has triggered a mass flight from urban centers to the suburbs. It’s true that a move to the suburbs usually offers more space for telework and stay-at-home activities. But, as millennials have been aging into the key lifestyle decisions associated with a greater likelihood of purchasing a home (marriage and family formation), many have already made the shift to the suburbs. We sought out to see if the data confirms that the pandemic has accelerated that trend.
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Myth or Reality? The Pandemic-Driven Acceleration to the Suburbs
"Even as mortgage rates continue to fall and improve house-buying power, you can’t buy what’s not for sale, and it’s also likely you won’t buy if you don’t have a job."
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What a Pandemic-Driven Shift in the Labor Market Could Mean for Housing
Clients often ask whether they can sell or buy a vacation home using a 1031 exchange. The answer depends on some factors, but with proper tax planning a tax-deferred exchange may be an option.
Watch to learn more: https://firstexchange.com/videos/vacation-homes
Throughout 2020, falling mortgage rates have been the strongest influence on housing affordability trends, even helping fuel the housing market’s impressive recovery and resilience to the continuing economic fallout from the coronavirus pandemic. Mortgage rates began declining in January 2020 and even dropped below 3 percent for the first time ever in August. But, as mortgage rates have fallen and the housing market has recovered amid strong demand and historically low supply, nominal house price appreciation has rapidly accelerated. In August, the dynamics powering affordability may have reached a tipping point.
BLOG.FIRSTAM.COM
Has the Affordability Boost From Falling Mortgage Rates Run its Course?
Wishing you a holiday season filled with peace, prosperity and goodwill!