NEWS: CoreLogic: Summer Home Price Cooldown on the Way

Summer Cooldown

MBA Newslinks July 7, 2020 CoreLogic, Irvine, Calif., said home prices rose strongly in May, but warned that the effects of the coronavirus and subsequent economic downturn could send home price tumbling over the summer. The CoreLogic Market Risk Indicator predicts 125 metro areas have at least a 75% probability of price decline by May…

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NEWS: House Hunters Now Need Pre-Approval Letters to Walk in the Door. What the Trend Means for Buyers, Sellers and Agents

PreApproval

Daniel Bortz July 6, 2020 Home buyers eager to take advantage of low interest rates are rushing to schedule home tours, just recently allowed in some places as stay-at-home restrictions are eased. To curtail potential exposure to the coronavirus, however, many sellers are trying to limit the number of people traipsing through their properties. To achieve this,…

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NEWS: Refinancing your mortgage could put cash in your pocket — here’s how to find out if it’s right for you

Put Cash In Your Pocket

Michelle Fox July 6, 2020 With mortgage rates at record lows, it’s no wonder many Americans are refinancing their homes. Add to that the coronavirus pandemic and the economic recession, and the need to find extra cash or to cut expenses becomes even greater. In fact, refinance applications are 74% higher than a year ago, according to the Mortgage…

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