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Financing options, New Realtor Struggles, & Squatters

One of the biggest hurdles 🏃‍♀️ for first-time home buyers is financing 💰 their purchase. Thankfully, there are numerous loan products and down-payment 🏦 assistance programs designed to help consumers 🛍 achieve their dream of homeownership. One good source for down-payment assistance programs in your area is Down Payment Resource.

The red-hot 🔥 housing market has achieved a number of milestones 🪨 this past year. Perhaps the most telling is this: There are more real-estate agents than homes for sale in the U.S. This phenomenon reflects both the extremely tight supply of homes 🏠 on the market and how surging prices are persuading tens of thousands more Americans 🇺🇸 to try their hands 🤲 at selling real estate.

A California 🌉 couple got more than they bargained for when they discovered 🕵️ a pest in their new home: the former owner, refusing to give up the keys 🔐 and leave, thanks to a coronavirus 🦠 eviction loophole. Tracie and Myles Albert experienced a nightmare 👻after they put down money 💸 on a beautiful four-bedroom home in Riverside on Jan. 31, 2020.

Closed sales 🏷 of existing homes in February dropped ↘️ a larger-than-expected 6.6% compared with January ☃️, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate of 6.22 million units, which was 9.1% higher compared ⚖️ with February 2020.

In case you haven't heard👂, it's an extreme seller's market right now. That means when houses go on the market, particularly starter homes that are favorites for flippers 🛠 and buy-and-hold investors 👨‍💼, they're selling like hotcakes 🥞, usually for top dollar 💵.



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