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A recap of how we got here.
The coronavirus has triggered a rollercoaster of events in recent months, the effects of which have been felt nearly everywhere. And it's likely that we will see additional changes in the housing industry as the pandemic unfolds.
Sources:
[1] Freddie Mac, Primary Mortgage Market Survey®.
[2] Mortgage Bankers Association (MBA), Weekly Mortgage Applications Survey.
[3] Ellie Mae® Origination Insight Report, February 2020.
[4] Federal Open Market Committee (FOMC) Statement, March 15, 2020.
[5] FOMC Statement, March 23, 2020.
[6] MBA, Credit Availability Index.
[7] National Association of Realtors® (NAR) Flash Survey: Economic Pulse.
[8] Realtor.com®, Initial Impact of Covid-19 on the Housing Market, April 2020.2020.