The State of the Market – July 9th, 2020

Since the Coronavirus pandemic and stay-at-home orders went into full effect with an unforeseen outcome and trends of the virus infecting Californians increasing, buyers and sellers have been kept on the sidelines. Economic activity has been resuming then halting as the state gradually reopens but with necessary precautions. The housing market, understandably, has been lagging …

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Buyers Outnumber Homes for Sale in June 2020

With the first half of 2020 coming to an end, the long-term impact of housing and financial markets is becoming more and more visible. There’s also been an unforeseeable shift in real estate: purchase activity is 13% higher, and buyers seeking a home outnumber the homes listed for sale. The housing market, to many economist’s and Real Estate businesses surprise, has remained resilient even in the midst of a pandemic and a rise in unemployment.

Home improvement lending heating up during pandemic

Shelter-in-place orders have led to a surge in home repair and remodeling projects, providing an unexpected opportunity for many lenders. During the early days of the coronavirus pandemic, Google searches for projects such as bathroom and kitchen improvements, patios and flooring increased significantly, according to the Home Improvement Research Institute.

Market News Update, June 3rd, 2020

Fannie Mae Announces Flexibilities for Refinance and Home Purchase Eligibility for Homeowners Impacted by COVID-19Updated Guidance Also Extends Expiration Date of Criteria for Purchasing Loans in Forbearance WASHINGTON, DC – May 19, 2020 – Fannie Mae (FNMA/OTCQB) today announced flexibilities for homeowners who have taken a forbearance due to a COVID-19 financial hardship to refinance their mortgage …

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