Today’s News Synopsis:
What new trends should we expect to see with homebuyers following the pandemic? Some real estate agents are still able to show their homes and even sell them during this time, and Fox News gives us the scoop on how they are doing this. The percentage of mortgage loans in forbearance increased to 6.99%.
In The News:
Realtor.com – “Mortgage FAQ: Essential Answers to All Your Questions About Home Loans in the Coronavirus Era” (4-28-2020)
“With the economy in unprecedented territory and the phrase “housing crash” on the lips of economists, mortgage holders have questions.”
Zillow – “Zillow Launches New Technology to Help Renters Move During COVID-19” (4-28-2020)
“Renters can now search, find, apply for and lease a home digitally, all from the safety and comfort of their home and all through Zillow Rentals.”
Inman – “What will homebuyers want post COVID-19? Here are a few trends to expect” (4-28-2020)
“Nearly 3 in 4 Realtors® currently working with sellers this week – 74% – reported their clients haven’t reduced listing prices to attract buyers, according to a new survey from the National Association of Realtors.”
Apartment Therapy – “How Coronavirus Will Change the Way We Build Homes” (4-28-2020)
“Now that you’ve spent more than a month within the confines of your own home, you’ve likely pondered its pandemic-specific inefficiencies..”
“What should be the busiest time of year for the real estate market has become stagnant. In areas like Long Island, New York, real estate agents are struggling to put buyers into homes.”
Forbes – “Here Are The Top 5 Predictions For Real Estate Once The Pandemic Subsides” (4-28-2020)
“It’s no secret that the real estate market has a long road of recovery ahead. As the day-to-day work of showing properties and building homes has slowed to a crawl, agents and others in the industry have started to look to the future and make predictions about the lingering effects the COVID-19 pandemic will have on the industry.”
Mortgage Bankers Association – “Share of Mortgage Loans in Forbearance Increases to 6.99%” (4-28-2020)
“The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 5.95% of servicers’ portfolio volume in the prior week to 6.99% as of April 19, 2020.”
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The Norris Group presents its award-winning black-tie event I Survived Real Estate 2020 on Friday, September 18.
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