Despite continued pandemic uncertainty and lackluster spring season home sales; mortgage purchase loan application demand is showing an unexpectedly quick recovery. Supported by record low mortgage rates, new home listings and pending sales are recovering on a market-by-market basis – almost as soon as shelter-in-place orders were lifted.
Are these market trends a one-time burst of pent-up demand or will the upward momentum continue throughout the year? What are the variables that determine if 2020 home sales will be red hot this summer or will we see buyers and sellers go on vacation?
Join Odeta Kushi, First American Deputy Chief Economist and Rick Sharga, CEO of CJ Patrick Company, to find out whether the four million borrowers in forbearance programs will cast a dark cloud over the market and what's in store for housing in 2020 and beyond.
Are these market trends a one-time burst of pent-up demand or will the upward momentum continue throughout the year? What are the variables that determine if 2020 home sales will be red hot this summer or will we see buyers and sellers go on vacation?
Join Odeta Kushi, First American Deputy Chief Economist and Rick Sharga, CEO of CJ Patrick Company, to find out whether the four million borrowers in forbearance programs will cast a dark cloud over the market and what's in store for housing in 2020 and beyond.
