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Monday, October 5, 2020

U.S. Housing Roars Back Despite Recession, High Unemployment: Moody’s Investors Service expects the homebuilding sector to be stable for at least the next 12-18 months. Housing’s strength has been driven by ultra-low mortgage rates, fierce competition for a chronically low inventory of for-sale properties and a wave of new millennial buyers.

Thursday, October 1, 2020

NAR: Aug. Pending Sales Top Pre-Pandemic Levels: The pending index hit a record high in Aug., with the number of sales under contract rising for the past four months in a row. NAR Economist Yun says he expected market stability during the shutdowns, but he’s “surprised to see the industry bounce back so strongly and so quickly.”