Faith Schwartz: New Era Borne of Pandemic to Upend Mortgage Costs

As longtime industry participants, we at Housing Finance Strategies contend that the pandemic has created a revolutionary opportunity that we must seize and leverage so that the mortgage business can emerge with higher quality prospective products funded through a drastically reduced cost structure.

Faith Schwartz: New Era Borne of Pandemic to Upend Mortgage Costs

As longtime industry participants, we at Housing Finance Strategies contend that the pandemic has created a revolutionary opportunity that we must seize and leverage so that the mortgage business can emerge with higher quality prospective products funded through a drastically reduced cost structure.

May Pending Home Sales Back in Happy Place

Pending home sales mounted a record comeback in May, the National Association of Realtors said yesterday, jumping by more than 44 percent after two monthly declines stemming from the coronavirus pandemic.

May Existing Home Sales Down Nearly 10%–But Analysts See Upside

Existing home sales fell by nearly 10 percent in May from April—the third consecutive monthly decline in the wake of the coronavirus outbreak—the National Association of Realtors reported yesterday. But analysts saw positive signals despite the drop, as first-time buyer and Millennial demand showed signs of intensifying.

April Pending Home Sales Plunge Nearly 22%

Pending home sales fell sharply in April, marking two straight months of steep declines amid the coronavirus pandemic, the National Association of Realtors reported yesterday. Every major region experienced a drop in month-over-month contract activity and a decline in year-over-year pending home sales transactions.

MBA Chart of the Week: Existing Home Sales and Inventory

Existing home sales plunged in April, as much of the U.S. economy and housing market bore the brunt of the COVID-19 pandemic’s social distancing and closures. There was an 18 percent drop in the seasonally adjusted, annualized pace of home sales, the largest single month decline since July 2010.

MBA Chart of the Week: Existing Home Sales and Inventory

Existing home sales plunged in April, as much of the U.S. economy and housing market bore the brunt of the COVID-19 pandemic’s social distancing and closures. There was an 18 percent drop in the seasonally adjusted, annualized pace of home sales, the largest single month decline since July 2010.