NEWS: Homes Will Look Different After Coronavirus

homes after coronvirus

MBA Newslinks June 22, 2020 As people spend more time at home during the pandemic, buyers are realizing which features work well under the circumstances and which do not, said Zillow, Seattle. Many homeowners are reconsidering their home’s functionality as formerly popular design features have become less workable. Now, many home builders think demands for…

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NEWS: Mortgage rates drop to another record low — here’s why Americans may not want to wait too much longer before locking rates in

/RatingsLockedIn

Jacob Passy June 22, 2020 Low mortgage rates are stoking the housing market’s recovery from the coronavirus, but there may be limits to how much of a boost they will give Mortgage rates have fallen to a new all-time low for the fourth time this year. But there’s significant upside risk to the low rate…

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NEWS: Demand Higher than Before Pandemic; So is Stress Amid Falling Inventories, Lingering COVID Concerns

MBA Newslinks June 15, 2020 Reports from Redfin, Seattle, and Clever Real Estate, St. Louis, illustrate the lingering effects of the coronavirus on the home-buying process—and the current state of home-buying demand. Redfin reported seasonally adjusted home buying demand jumped in early June and is now 25% higher than it was before the coronavirus smacked…

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NEWS: Race and Lending: Creating Opportunities for People of Color in the Mortgage Space

opportunities

Clayton Jarvis June 4, 2020 Two people bringing more diversity to the mortgage space are WFG Lender Services’s vice-president of national business development, Monique Winston, who also heads the Cleveland Realtist Association, and Tony Thompson, founder and CEO of the National Association of Minority Mortgage Bankers of America.https://www.mpamag.com/news/race-and-lending-creating-opportunities-for-people-of-color-in-the-mortgage-space-224252.aspx

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NEWS: Cultivating the Future of Housing

futureof housing

Mike Albanese May 27, 2020 Twenty-seven percent of the housing industry’s workforce identifies as a racial or ethnic minority. Fannie Mae and the Mortgage Bankers Association are looking to change that. In 2019, MBA and Fannie Mae’s Future Housing Leaders program announced a partnership to promote diversity and inclusion in the housing finance industry. Lisa…

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NEWS: Summer is the new home-buying season

Summer Home buying

These Realtors have seen demand pick up over the last few weeks Julia Falcon May 22, 2020 Spring has historically been dubbed “home-buying season,” but as the last few months have been shut down due to the COVID-19 pandemic, is summer the next best thing? The beginning of 2020 saw the strongest time for mortgage…

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NEWS: MBA Says Buyers Will Return by Summer as Lockdown Ends

Buyers Will Return

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…

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