New York CNN Business —
Covid-19 set off an epic housing boom that left first-time homebuyers feeling desperate amid relentless bidding wars and all-cash offers.
Jay Farner, who presides over America’s largest mortgage lender Rocket Mortgage, says the days of sellers holding all the power are over.
“Those moments of…there are 20 offers coming in are gone now. Buyers can take a bit more time,” Farner, the CEO of Rocket Companies, told CNN in an exclusive interview. “The buyer has a little bit more power or control on their side.”
Hurt by the spike in
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