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homeowners

Coronavirus is manipulating the housing inventory crisis in unpredictable ways

6 mins read

The FINANCIAL — A historic inventory crisis is driving up home prices to new highs, but understanding why would-be sellers are sitting on the sideline had been guesswork. Now a new Zillow survey[i] is shedding light on how the pandemic is influencing homeowners who are considering selling in the next three years, and the reasons why they’re staying put.  Life uncertainty, likely caused by COVID-19, is keeping more than a third (34%) of would-be sellers out of the market. Financial anxiety is a big part of that: 31% of homeowners considering selling in the next three years say a current uncertain or precarious financial…

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Coronavirus is manipulating the housing inventory crisis in unpredictable ways

6 mins read

The FINANCIAL — A historic inventory crisis is driving up home prices to new highs, but understanding why would-be sellers are sitting on the sideline had been guesswork. Now a new Zillow survey[i] is shedding light on how the pandemic is influencing homeowners who are considering selling in the next three years, and the reasons why they’re staying put. …

Mortgage rates continue to fall historic low

2 mins read

The FINANCIAL — Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in our survey’s history which dates back to 1971. “Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do…