Is there still a spring home-buying season?

In today’s Daily Download episode, HW+ Managing Editor Brena Nath discusses the nation’s ongoing spring home-buying season as data indicates an uptick in demand despite COVID-19 pessimism. In an article written by HousingWire’s Phil Hall, several housing industry experts question doom-and-gloom forecasts, pointing to continued activity in the mortgage space. One, in particular, Paul Buege, president of Inlanta Mortgage in Pewaukee, Wisconsin, observed that the crisis is having “an impact on some of the first-time homebuyers that are in the lower credit spectrum.” He also pointed out that those most impacted by current economic mayhem are not driving the market and have pretty much pulled themselves out of the spring home-buying season for the moment. 

Following the main story, HousingWire Digital Producer Alcynna Lloyd covers Black Knight’s recent forbearance data that indicates nearly 3 million American borrowers are already in forbearance, Realtor.com’s new online feature that allows potential homebuyers to virtually tour homes and a pledge from three of the nation’s biggest credit reporting agencies to provide consumers with free credit reports once a week for the next year.

The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• Homebuyers still shopping despite coronavirus-fueled pessimism
• Nearly 3 million borrowers are already in forbearance
• com launches Livestream Open Houses
• Free credit reports are now available for everyone, every week