To maintain up with the speedy modifications COVID-19 is having on the financial system and housing market, the realtor.com® economics crew offers a weekly video replace on the related actual property and financial info you’ll want to know to navigate the housing market in these difficult instances.
This week, Senior Economist George Ratiu talks in regards to the IMF’s up to date international financial forecast for 2020, in addition to the Bureau of Financial Evaluation’s newest replace to GDP. He additionally mentions the rebound in sturdy items orders and the most recent jobless claims numbers, which spotlight lingering issues in regards to the financial restoration.
George gives an summary of this week’s housing knowledge, together with realtor.com® tendencies on new listings, sourced from the Weekly Housing Traits View. He additionally highlights new analysis from Financial Knowledge Analyst Nicolas Bedo, pointing to a rebound within the luxurious actual property phase.
George talks in regards to the persevering with decline in stock and drop in current house gross sales, in addition to the acceleration in asking costs. On the similar time, shoppers’ shifting preferences towards suburban markets and smaller cities are driving demand for brand spanking new houses. He wraps up his remarks by mentioning that mortgage charges moved sideways this week, whereas mortgage purposes declined.
For extra real-time updates, comply with the realtor.com economics crew on twitter: @rdc_economics.
Have an financial query you need the crew to reply? Go away a be aware within the feedback beneath!
Discover your house on
Obtain our cellular app:
Observe us on:
Study Extra in regards to the house shopping for course of: “Dwelling Shopping for 101: How Do I Get Began?”