Reporters discuss bombshell story on Better.com’s CEO

An exclusive interview with the Forbes reporters who recently wrote a bombshell article about Better.com CEO Vishal Garg’s controversial workplace culture.

Now is the time to double down on diversity and inclusion efforts

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together.

How to Accelerate Closings in 2021

In this webinar, we’ll provide you with actionable insights to help you accelerate your closing process from point-of-sale through post-closing.

Why are sellers sitting on the housing market sidelines?

Why aren’t more homeowners selling in this hot housing market? According to new research from Zillow, a number of factors are at play.

Real Estate

Renter households will be hardest hit by loss of CARES Act unemployment benefits

The loss of unemployment benefits could affect up to 30 million

Losing $600 a week in unemployment benefits will leave many renters filled with uncertainty when the Federal Pandemic Unemployment Compensation program ends later this week.

Without these benefits, households facing a severe housing burden will jump from about 3% to a whopping 41%, according to Zillow. Housing-burdened is defined as paying more than 30% of household income toward rent, while severely housing burdened is defined as paying more than 50% of household income toward rent.

New Orleans is likely to see the highest jump in housing burden, from its current rate of 4.7% up to an estimated 64%.

According to Zillow, households with high contact-intensity workers are more at-risk. High contact-intensity workers are those who require a high degree of face-to-face and close physical interaction in their jobs, like service and restaurant workers.

Currently, 31% of renter households with high contact-intensity workers are already housing burdened, while 13% are severely housing burdened.

There is also a racial component to this issue, as Black households are more likely than white households to have a majority of household income derived from high contact-intensity work.

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