The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

CoronavirusReal Estate

How the coronavirus will impact U.S. home prices

Some are saying we may see a collapse in home prices – Does this theory hold up?

In these unprecedented times, I find myself reflecting on Rod Serling’s Twilight Zone monologue on travel into an uncharted dimension, “Beyond that which is known to man…It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man’s fears and the summit of his knowledge.” 

Logan Mohtashami
Logan Mohtashami,
Columnist

We are indeed in a land somewhere between science and superstition, between our fears and the inadequate summit of our current knowledge. 

When I am faced with navigating unfamiliar terrain, I tend to fall back on the tried and true method of setting bearings, establishing anchor points in the current environment then projecting a course based on personal experience and/or historical references. 

As a thought experiment, I applied this approach to making predictions regarding the effect of the coronavirus pandemic on U.S. home prices.

My working hypothesis for this experiment, to be proven or disproven, is this: One of the economic consequences of COVID-19 will be the collapse of U.S. home prices.

Set Your Bearings:

Before we start making predictions, let’s first set our bearings by reviewing the state of the housing market prior to the encroachment of the pandemic onto American soil.

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