MReport August 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 65 of 67

64 | TH E M R EP O RT FINAL THOUGHTS A Mixed Bag While record-low mortgage rates are causing buyers to flood the market, economists say an uncertain labor market and shrinking inventory could present challenges.    "swi rebound" National Association of Realtors' Chief Economist Lawrence Yun said potential buyers are making  their way back into the market as cities ease stay-at-home orders.   "degree of disruption" Doug Duncan, Chief Economist, Fannie Mae, said while the labor market has shown signs of improvement,  more than 46 million unemployment claims have been filed over the past few months.   "becoming frustrated" Redfin Houston agent Irma Jalifi said prospective buyers are not finding the home  they are looking due to limited inventory.  "roaring back " Zillow Economist Jeff Tucker said those who delayed buying homes during the  spring are flooding the market in the summer.   "optimal time" Lending Tree Chief Economist Tendayi Kapfidze said record-low mortgage rates  are luring many into homebuying before lenders tighten credit standards.                 

Articles in this issue

Archives of this issue

view archives of TheMReport - MReport August 2020