March Inventory Plummets 34%

by | Apr 16, 2020 | Uncategorized

Seeing a Buying Slow-Down  According to Realtor.com’s March 2020 Monthly Housing Market Trends Report, the nation’s available real estate inventory declined by 191,000 listings, or 15.7%, in March 2020 on an annual comparative basis with March 2019. And for the...

The COVID Recession Has Arrived  

by | Apr 15, 2020 | Uncategorized

Last month, some economists were predicting a likely recession by 2021. But it was all a guessing game. The economy was white-hot, and then Corona came to town. Consumer spending, business closings, furloughs and social distancing are all pointing to a recession. This...

Lending Requirements Project Soft Landing

by | Apr 14, 2020 | Uncategorized

When JPMorgan Chase announced that it is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption, the initial reaction might be concern. Hold on and take a deep breath....

Forbearance Requests Surge 1900%

by | Apr 13, 2020 | Uncategorized

The new CARES Act, which President Donald Trump signed March 27, will limit the economic damage resulting from COVID-19. Consequently, requests to delay mortgage payments jumped 1896% for the weeks of March 16-30 as borrowers continue to seek relief during the...