Purchase Mortgage Apps Drop 11 Percent Nationwide
In another indication the coronavirus is softening the housing market, applications for purchase mortgages fell by 11 percent nationwide last week, according to the Mortgage Bankers Association.
In another indication the coronavirus is softening the housing market, applications for purchase mortgages fell by 11 percent nationwide last week, according to the Mortgage Bankers Association.
While the median sale prices in many regions suggested a relatively weak market, newly renovated, reasonably-priced properties saw the kind of intense buyer interest more familiar to Realtors in Boston or New York.
Homeowners looking to sell this spring could face a growing trend among buyers, especially Millennials. Worried about the long-term health of home values, they want a house that looks ready to appear on HGTV.