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Christy Budnick
Vitals: Berkshire Hathaway HomeServices Florida Network Realty
Years in business: 32
Number of offices and agents: 9 offices, 450 agents
Regions served: Northeast Florida including Duval, St. Johns, Flagler, Clay and Nassau Counties

The current market environment has increased demand for housing, and that may not be going away for a while. According to a new Zillow report, low rates of household formation since the Great Recession have caused 5.7 million “missing” households. These households represented people who historically would have moved into their own home, but have been unable to do so, and so the market is still catching up to fill these gaps.

Mortgage applications decreased 0.6 percent for the week ending Nov. 27, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. This week’s results include an adjustment for the Thanksgiving holiday.

To help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least Jan. 31, 2021. The foreclosure moratorium applies to enterprise-backed, single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by Freddie Mac and Fannie Mae through foreclosure or deed-in-lieu of foreclosure transactions.