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Housing Market Snapshot

Posted by GO Mortgage Team on 7/10/20 12:43 PM

Although May’s employment growth of 2.5 million jobs, pushing unemployment to 13.3% from 14.7%, was good news, there’s a ways to go to for a full recovery. However, the housing market is rebounding surprisingly well.

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Topics: homebuyers, mortgage market, buying and selling a house, housing data, housing market, COVID-19, coronavirus

How the Coronavirus is Changing the Appraisal Process

Posted by GO Mortgage Team on 6/12/20 4:44 PM

According to recent Bankrate article, the home appraisal process has changed during the pandemic.

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Topics: appraisals, homebuyer, homebuyers, homebuying process, appraisal, COVID-19, coronavirus, brankrate

Getting a Head Start

Posted by GO Mortgage Team on 5/29/20 8:15 AM

As states start to lift restrictions, more people are resuming their search to buy a home. Mortgage Bankers Association’s Purchase Index shows the sixth consecutive weekly increase in purchase applications and a jump of 54 percent since early April.  While new home sales also rose in April, seeing a gain of 0.6% from March according to the Commerce Department

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Topics: homebuyer, homebuyers, mortgage loans, pre-approved, pre-qualified, pre-approval, COVID-19, coronavirus

Small Signs of Recovery for Home Builders

Posted by GO Mortgage Team on 5/8/20 3:43 PM

The global coronavirus pandemic, which inspired a national lockdown several weeks ago, is expected to continue having an impact on the economy long after it ceases to become a national threat.

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Topics: builder, building a new house, housing market, COVID-19, coronavirus

How to Stay Safe when Touring a Home During COVID-19

Posted by GO Mortgage Team on 4/24/20 12:46 PM

Spring typically ushers in the peak season in the housing market and open houses. However, most states are under 'stay at home' orders. National Association of Realtors (NAR) has called on realtors to examine how they can continue to provide essential services to clients while demonstrating care for their well being. In many states, real estate has been categorized as essential services, and that means that home sellers and buyers can continue to take advantage of above-average returns and low-interest rates.

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Topics: home sellers, homebuyers, selling your home, buying a home in spring, COVID-19, coronavirus

Selling Your Home During the Pandemic

Posted by GO Mortgage Team on 4/17/20 10:14 AM

The National Association of Realtors® April Economic Pulse Flash Survey revealed that ninety percent of members feel there is a decline in buyer interest due to COVID-19. However, many people still need to sell their homes if they are relocating for a job, need more or less space, or financial circumstances have changed.

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Topics: financial services, home sellers, selling your home, buying a home in spring, COVID-19, coronavirus

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