---
title: "ON KNWA: AN UPDATE ON THE HOUSING MARKET"
description: Almost every industry has been adversely affected by the current pandemic.  But the news isn’t all bad. Here to provide an update on how COVID-19 has affected homeowners and the housing market is Robert Brown, loan officer at Rock Mortgage.
image: https://blog.blrmortgage.com/hubfs/KNWA%205122020%20PIC.png
---

![blrm_logo-166x45.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blrm_logo-166x45.png?width=166&name=blrm_logo-166x45.png "blrm_logo-166x45.png")

![logo-rock-mortgage.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/logo-rock-mortgage.png?width=180&name=logo-rock-mortgage.png "logo-rock-mortgage.png")

![blog-bg.jpg](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blog-bg.jpg?width=1600&name=blog-bg.jpg "blog-bg.jpg")

# NEWS

# ON KNWA: AN UPDATE ON THE HOUSING MARKET

Posted by [Blake Montgomery](https://blog.blrmortgage.com/mortgage-newblog/author/blake-montgomery) on May 14, 2020 2:16:04 PM

![Blake Montgomery](https://app.hubspot.com/settings/avatar/0d0a314baa0a411b65de2e97005b52d9)

- [Tweet](https://twitter.com/share)

Watch Robert, Jason and Jaclyn to learn more

 

 

 

 

 

 

 

 

 

From the May KNWA interview with Robert Brown, Jason Suel and Jaclyn House

No Headphones.  No Problem.  See Below For Transcript.

Welcome back now almost every industry

has been adversely affected by the

current pandemic and the housing market

of course no different for some home

purchases have even been put on hold as

people try to figure out how long we're

kind of gonna be in this in this area

this kind of new normal here if you want

to call that but all the news isn't bad

here to provide an update on the housing

market is a Robert Brown loan officer at

ROC mortgage hey Robert good to see you

hey Robert

thank you yeah for sure so Robert what

is the biggest impact you've seen on

homeowners well first I'd like to extend

our thoughts and prayers to all those

affected by the novel coronavirus with

so many out of work or working with less

money we've seen the aftermath ripple

throughout the society the biggest

impact I've seen on homeowners is the

amount that are currently in for parents

though 3.8 million homeowners were in

forbearance plans as of April 30th that

is 7.3 percent of all mortgages

it's truly unheard of proponents is the

for just a recap for parents is the

temporary postponement of your mortgage

payment due to financial hardship it is

important to know that it is not

forgiveness these plans these payments

will be due after a certain amount of

time and this will create another

problem for homeowners down the road

because they will need to make a big

balloon payment sometimes you can work

out a payment plan for that amount but

in many cases the payment is due in one

big lump sum so be aware since the

finance is not a guarantee it is very

important that you continue to make your

mortgage payments as scheduled yeah

absolutely not remember we talked about

that last time yeah yeah for sure

because that was a new term to meet

forbearance and I'm curious about

forbearance have forbears requests have

they slowed down or love them off you

know we've been tracking that

forbearance and noticing it came in a

big wave in April

April's big wave was around the 1st and

the 15th of the month and that's when

most mortgages are due and you know the

late payments start to incur the numbers

tapered off after the 15th but sadly

we're in the middle of a surge period

again so

I expect those numbers to rise again

between now and May 15 yeah what have

you seen what have been the biggest

effects of Copan 19 on the home buying

market well the home buying markets in

Hardy in areas like New York and New

Jersey and and people up in the

Northeast

you know they slowed down tremendously

however home buying and pricing have

remained very steady here locally in

Northwest Arkansas through the first

quarter of 2020

in fact home sales in Benton and

Washington counties were up 15 percent

when you where March of 2020 into March

of 2019

and home prices are actually up nine

percent so all this is is very very good

and very strong indicators for healthy

market yeah yes seem like the market is

strong there was a house verging on the

street where I live that was they hit

the market maybe like end of March it's

so blessed already so it seems like the

housing markets pretty strong as far as

if you're a buyer looking for a home

yeah yeah sure yeah let me ask you this

if someone is interested in learning

more about forbearance refinancing their

home or purchasing a new home during the

age of Cove at 19 where can they turn

Robert they can talk about mortgage you

know if you're talking about your your

current mortgage and you're needing some

advice on that call contact your service

or your current servicer their phone

number and address are going to be

excuse me their phone number in the in

address are going to be on your monthly

mortgage statement but if you're looking

to refinance or just see if you qualify

for a home loan

call call our team that ROC mortgage and

when we could certainly help yeah yeah

thank you so much for taking the time to

chat with us today we're appreciated

Robert thank you Robert yeah thank you

so much yeah for sure

 Topics: [On Time Closing](https://blog.blrmortgage.com/mortgage-newblog/topic/on-time-closing) [COVID19](https://blog.blrmortgage.com/mortgage-newblog/topic/covid19) [Loan Servicer](https://blog.blrmortgage.com/mortgage-newblog/topic/loan-servicer) [CARES Act](https://blog.blrmortgage.com/mortgage-newblog/topic/cares-act) [Forbearance](https://blog.blrmortgage.com/mortgage-newblog/topic/forbearance)

### Subscribe to Email

### Recent Posts

### Posts by Topic

- [Mortgage Loans (99)](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgage-loans)
- [On Time Closing (90)](https://blog.blrmortgage.com/mortgage-newblog/topic/on-time-closing)
- [home ownership (57)](https://blog.blrmortgage.com/mortgage-newblog/topic/home-ownership)
- [mortgage (55)](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgage)
- [Local Community (47)](https://blog.blrmortgage.com/mortgage-newblog/topic/local-community)
- [first-time home buyer (45)](https://blog.blrmortgage.com/mortgage-newblog/topic/first-time-home-buyer)
- [Home Loans (38)](https://blog.blrmortgage.com/mortgage-newblog/topic/home-loans)
- [Real Pround (38)](https://blog.blrmortgage.com/mortgage-newblog/topic/real-pround)
- [Low Down Payment (36)](https://blog.blrmortgage.com/mortgage-newblog/topic/low-down-payment)
- [Rent or Buy (34)](https://blog.blrmortgage.com/mortgage-newblog/topic/rent-or-buy)
- [USDA Loans (18)](https://blog.blrmortgage.com/mortgage-newblog/topic/usda-loans)
- [How to buy a home (17)](https://blog.blrmortgage.com/mortgage-newblog/topic/how-to-buy-a-home)
- [Pre Qualification (17)](https://blog.blrmortgage.com/mortgage-newblog/topic/pre-qualification)
- [preapproval (14)](https://blog.blrmortgage.com/mortgage-newblog/topic/preapproval)
- [prequalification (14)](https://blog.blrmortgage.com/mortgage-newblog/topic/prequalification)
- [COVID19 (12)](https://blog.blrmortgage.com/mortgage-newblog/topic/covid19)
- [FHA Loans (12)](https://blog.blrmortgage.com/mortgage-newblog/topic/fha-loans)
- [VA Loans (11)](https://blog.blrmortgage.com/mortgage-newblog/topic/va-loans)
- [Home Ready (10)](https://blog.blrmortgage.com/mortgage-newblog/topic/home-ready)
- [first-time home buying (10)](https://blog.blrmortgage.com/mortgage-newblog/topic/first-time-home-buying)
- [CARES Act (8)](https://blog.blrmortgage.com/mortgage-newblog/topic/cares-act)
- [Mortgages Missouri (7)](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgages-missouri)
- [mort (7)](https://blog.blrmortgage.com/mortgage-newblog/topic/mort)
- [Veteran (6)](https://blog.blrmortgage.com/mortgage-newblog/topic/veteran)
- [Student Loans (5)](https://blog.blrmortgage.com/mortgage-newblog/topic/student-loans)
- [credit report (5)](https://blog.blrmortgage.com/mortgage-newblog/topic/credit-report)
- [credit score (5)](https://blog.blrmortgage.com/mortgage-newblog/topic/credit-score)
- [refinance your home (5)](https://blog.blrmortgage.com/mortgage-newblog/topic/refinance-your-home)
- [ADFA (4)](https://blog.blrmortgage.com/mortgage-newblog/topic/adfa)
- [Forbearance (4)](https://blog.blrmortgage.com/mortgage-newblog/topic/forbearance)
- [Loan Servicer (4)](https://blog.blrmortgage.com/mortgage-newblog/topic/loan-servicer)
- [Loan limits (4)](https://blog.blrmortgage.com/mortgage-newblog/topic/loan-limits)
- [Second Homes (4)](https://blog.blrmortgage.com/mortgage-newblog/topic/second-homes)
- [mortgage rates (4)](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgage-rates)
- [realtor (4)](https://blog.blrmortgage.com/mortgage-newblog/topic/realtor)
- [Get pre-qualified online (3)](https://blog.blrmortgage.com/mortgage-newblog/topic/get-pre-qualified-online)
- [How do I refinance (3)](https://blog.blrmortgage.com/mortgage-newblog/topic/how-do-i-refinance)
- [Investment Property (3)](https://blog.blrmortgage.com/mortgage-newblog/topic/investment-property)
- [Mortgage payment (3)](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgage-payment)
- [Real Proud (3)](https://blog.blrmortgage.com/mortgage-newblog/topic/real-proud)
- [Rent vs. Buy (3)](https://blog.blrmortgage.com/mortgage-newblog/topic/rent-vs-buy)
- [down payment (3)](https://blog.blrmortgage.com/mortgage-newblog/topic/down-payment)
- [gift money (3)](https://blog.blrmortgage.com/mortgage-newblog/topic/gift-money)
- [self employed (3)](https://blog.blrmortgage.com/mortgage-newblog/topic/self-employed)
- [1% Down Payment (2)](https://blog.blrmortgage.com/mortgage-newblog/topic/1-down-payment)
- [Bikes For Kids (2)](https://blog.blrmortgage.com/mortgage-newblog/topic/bikes-for-kids)
- [Closing (2)](https://blog.blrmortgage.com/mortgage-newblog/topic/closing)
- [Get preapproved online (2)](https://blog.blrmortgage.com/mortgage-newblog/topic/get-preapproved-online)
- [condominium (2)](https://blog.blrmortgage.com/mortgage-newblog/topic/condominium)
- [improving credit score (2)](https://blog.blrmortgage.com/mortgage-newblog/topic/improving-credit-score)
- [mortgage insurance (2)](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgage-insurance)
- [private mortgage insurance (2)](https://blog.blrmortgage.com/mortgage-newblog/topic/private-mortgage-insurance)
- [retirement income (2)](https://blog.blrmortgage.com/mortgage-newblog/topic/retirement-income)
- [Current mortgage rates (1)](https://blog.blrmortgage.com/mortgage-newblog/topic/current-mortgage-rates)
- [Get prequalified online (1)](https://blog.blrmortgage.com/mortgage-newblog/topic/get-prequalified-online)
- [Mortgages Hot Springs (1)](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgages-hot-springs)
- [PITI (1)](https://blog.blrmortgage.com/mortgage-newblog/topic/piti)
- [downpayment (1)](https://blog.blrmortgage.com/mortgage-newblog/topic/downpayment)
- [how do I calculate my credit score (1)](https://blog.blrmortgage.com/mortgage-newblog/topic/how-do-i-calculate-my-credit-score)
- [tax advantages (1)](https://blog.blrmortgage.com/mortgage-newblog/topic/tax-advantages)
- [what is involved in buying a home (1)](https://blog.blrmortgage.com/mortgage-newblog/topic/what-is-involved-in-buying-a-home)

[see all](https://blog.blrmortgage.com/mortgage-newblog/on-knwa-an-update-on-the-housing-market#)

[![Bank of Little Rock Mortgage](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/BLRMORTGAGE-3.png?width=207&name=BLRMORTGAGE-3.png "Bank of Little Rock Mortgage")](http://www.blrmortgage.com/)

NMLS #449234

![Equal Housing Lender](https://blog.blrmortgage.com/hubfs/Equal%20Housing%20Lender.jpg "Equal Housing Lender")

- [I WANT TO BUY A HOME](http://www.blrmortgage.com/i-want-to-buy-a-home)
- [I WANT TO REFINANCE](http://www.blrmortgage.com/i-want-to-refinance)
- [HOME LOANS](http://www.blrmortgage.com/home-loans)
- [REALTOR RESOURCES](http://www.blrmortgage.com/realtor-resources)
- [CAREERS](http://www.blrmortgage.com/careers)

- [FIND A LENDER](http://www.blrmortgage.com/find-a-lender)
- [NEWS](http://www.blrmortgage.com/news)
- [LEARN](http://www.blrmortgage.com/learn)
- [RATES](http://www.blrmortgage.com/rates)
- [CALCULATORS](http://www.blrmortgage.com/calculators)

[![Prequalify](https://no-cache.hubspot.com/cta/default/168390/52c2214d-e259-4339-8a53-183ab1f9f97e.png)](https://cta-redirect.hubspot.com/cta/redirect/168390/52c2214d-e259-4339-8a53-183ab1f9f97e)

![Equal Housing Lender](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/Equal-Housing-Lender-70.png?width=70&name=Equal-Housing-Lender-70.png "Equal Housing Lender")

© 2015 Bank of Little Rock Mortgage. [Site Design By Thoma Thoma.](https://blog.blrmortgage.com/mortgage-newblog/on-knwa-an-update-on-the-housing-market#)

- [**](https://twitter.com/BLRMortgage)
- [**](https://www.facebook.com/pages/Bank-of-Little-Rock-Mortgage/196202187182757?fref=nf)
- [**](https://www.linkedin.com/company/bank-of-little-rock-mortgage)
- [**](http://www.blrmortgage.com/feed/rss/)