Orlando Real Estate News
Orlando
Single Family Starts in U.S. Uptick in May
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 3.6 percent in May 2021 to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading.
Homeownership Affordability Challenges Continue in 2021
Americans trying to buy a home in 2021 are slowed down by escalating bids from other buyers and challenges finding homes they can afford, according to survey results from National Association of Home Builders's most recent Housing Trends Report.
2.1 Million U.S. Homeowners Still in Mortgage Forbearance Plans in May
According to the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of U.S. loans now in forbearance decreased by 1 basis point from 4.19% of servicers' portfolio volume in the prior week to 4.18% as of May 23, 2021.
Memorial Day Holiday Travel in U.S. to Rebound to 37 Million
According to AAA Travel, we are going to see a significant rebound in the number of Americans planning to travel this 2021 Memorial Day holiday weekend. From May 27 through May 31, more than 37 million people are expected to travel 50 miles or more from home
