Sharon Cornelison
speaker
36 appearances
1 recordings
1 series
first heard Mar 2026
last heard 19 Mar
Sharon Cornelison’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Mar 2026 with 1.
Appearances
Yeah, so glad to be on today.
Yeah, so a mortgage desert is a place where mortgages have become scarce.
So there's not that many mortgages that are being used in that neighborhood.
So many homes are instead bought and sold without a mortgage.
We found that some mortgage deserts are vacation destinations where a lot of people buy second homes with cash.
We found that in some other places there are some really investor-heavy communities.
Think about suburban Atlanta where there's just a lot of investors competing there.
with homebuyers.
And then the final type is kind of communities that are more disinvested, where home values are usually low and it's difficult for people to get a mortgage in these places.
Yeah, no, absolutely.
I mean, in my research, we found that in Baltimore, half of all homes were sold with cash.
It's often very difficult to get a mortgage for a home that's worth less than $100,000 or even $150,000.
It's really a market that's not well covered right now by lenders.
Yeah, I mean, most people, in order to become a homeowner, they need a mortgage, right?
Like, it's really difficult to become a homeowner, especially a first-time homeowner.
But even for existing homeowners, it's really important to be able to kind of get access to a mortgage.
Because without it, you know, let's say your roof starts to leak, where are you going to get the money from, right?
A lot of people need to refinance.
to get some equity out of their home to maintain their home over time.
So even not having access to a mortgage kind of later in your homeownership journey can be really difficult and can really undermine the equity that you can maintain over time.
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