“Buyer demand is strong in nearly every market in the country. We are squarely in a seller’s market and buyers have no choice but to put forward the best offer they can, frequently making offers above asking price, to secure the home they want to own.” --Darius Bozorgi, CEO of Veros Real Estate Solutions, Santa Ana, Calif.

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 4 basis points to 3.87% of servicers’ portfolio volume as of June 27 from 3.91% the prior week. MBA estimates 1.9 million homeowners are in forbearance plans--the first time that two million or fewer homeowners have been in forbearance plans since March 2020, at the onset of coronavirus pandemic.