Archive for May 2020

Jann Swanson May 15, 2020 The Mortgage Bankers Association (MBA) says applications for financing new home purchases were down 25 percent in April compared to March and by 12 percent year-over-year. This data from MBA’s Builder Application Survey (BAS) does not include any adjustment for typical seasonal patterns. “New home purchase applications severely weakened in April, which…

MBA Newslinks May 12, 2020 Redfin, Seattle, said new listings and home sales are seeing early signs of recovery in U.S. housing market, even as some cities struggle to flatten the coronavirus curve. The report found that in areas where real estate has been deemed an “essential service,” both housing supply and demand is beginning…

Daniel Bortz April 30, 2020 Baltimore realtor Nicole Callender had five homes scheduled to hit the market April 1. Then the coronavirus struck and all of her clients decided to postpone. Now with home sales picking back up in the last two weeks, Callender is urging sellers to move forward, betting that life — and…

Three prominent mortgage industry leaders predict pent-up demand and a still-percolating purchase market will blossom in the post-pandemic weeks Phil Hall April 24, 2020 The challenges facing the mortgage industry were raised by three prominent industry leaders during a webinar sponsored by the National Association of Minority Mortgage Brokers of America. Kristy Fercho, president of mortgage…