Clearly one of the big winners to come out of the coronavirus crisis is the U.S. housing market. Demand remains incredibly strong and the mortgage market is proof of that. Loan originations just hit a 20 year high of $1.1 Trillion for the quarter for both purchase money mortgages and refinances.
It seems that many are getting repositioned either with putting cheaper financing on their existing home due to record low mortgage rates, or they are buying a different home possibly in a different area as a result of Covid.
It seems we say this every year of late, but there’s never been a better time to sell your home than right now from what I recall having been in the business for 17 years.