COVID-19 Impact on Real Estate Markets and Mortgage Finance
Speakers:
Michael Fratantoni, Chief Economist and Senior Vice President of Research and Industry Technology, Mortgage Bankers Association
Ralph McLaughlin, Chief Economist and Senior Vice President of Analytics, Haus
Frank Nothaft, CBE, Chief Economist, CoreLogic
Skylar Olsen, Senior Principal Economist, Zillow
Moderator: Molly Boesel, Principal Economist, CoreLogic
High-frequency data and anecdotal evidence indicate that the COVID-19 outbreak has had an immediate effect on real estate and mortgage market activity. Homebuying has traditionally been largely a face-to-face business which includes home showings, appraisals, and closings with all parties. Between social distancing, the sharp stock market drop, and mass layoffs and the curtailment of economic activity, it is no surprise that real estate activity has slowed dramatically over the last month. Join this webinar and find out just how far markets have dropped, the impact on home prices, the current status of mortgage availability given strains in credit markets, and learn what additional fallout is to expected in the coming weeks and when a rebound might occur.
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