Posted To: MND NewsWire

The pandemic keeps manifesting itself in the housing market in small but potentially significant ways and there was another data point in Black Knight’s new Mortgage Monitor report. The report focuses on delinquencies, price increases, and the continuing inability of servicers to retain customers in the refinancing frenzy. However, it also notes some differences that seem to be developing in pricing, inventory, and delinquencies in the condominium sector. These may be related to the perceived trend for homebuyers to seek out less dense living situations to protect themselves and their families against exposure to the COVID-19 virus, to want to be able to spend more leisure time outdoors for the same reason, needing more space for working and learning at home, and for commuting time to be of…(read more)

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Source: Mortgage News Daily