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Home buying and selling activity has increased as states reopen. Mortgage applications have now increased for 5 consecutive weeks. Purchase activity was only 1.5% lower then this time last year(2019). Amazing, when you realize that May is usually the 2nd most active month in the year. 
This is certainly the OPPOSITE of many real estate pundits aka experts have predicted. Although to be fair, some have indicated a relatively hot 3rd quarter followed by a downward trend in real estate values.
Only time will tell but its GOOD NEWS!

Posted by Richard Wayne Abatelli on May 20th, 2020 8:09 PMLeave a Comment

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