The positive state of COVID-19 home-buying and refinancing a welcome surprise
Credit union mortgage services are in high demand, providing a very nice surprise during a very volatile pandemic year.
If you follow the latest homeowner trends, today’s autumn 2020 housing market is unlike any other for many reasons. The pandemic and its toll on the economy never suffocated the housing market. Here’s why…
- Real estate technology proved a huge help in shielding and bolstering the housing market. There was never a huge backlash in housing when COVID-19 hit, with the convenience of technology playing a huge role. Homebuyer websites such as Trulia, Zillow, Redfin and online home buying applications were already proven highly-effective and reliable—making searching, buying and financing a home easier than ever.
- Those working in real estate acclimated quickly and worked through big challenges. A positive tone was set from the very beginning to deliver what was needed from a transactional and health standpoint, including digital/online platforms for disclosures, virtual showings, remote notarizations, contactless escrow closings and many other technological applications and innovations. Nearly everybody in escrow, appraisal, inspection, lending and many more stepped up to the plate with ingenious fixes for the issues at hand.
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