Posted To: Pipeline Press

From the Bay Area Marcus L. writes, “I miss the days when Tiger King was the most controversial thing going on.” Everything is a controversy these days, including where the real estate market is heading. Supply is limited, demand is decent, case closed. Things are re-opening, but can people qualify for a loan? It is almost as if prognosticators (not procrastinators) want their forecasts to materialize right away. Many real estate markets around the nation were under-supplied going into the shutdown in mid-March, especially in low and mid-price levels. There wasn’t a lot of speculation taking place, and ATR was in place. Few will argue that the quality of borrowers was very good, and continues to be. But some prognosticators expect house price declines to be very possible once…(read more)

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Source: Mortgage News Daily