Home prices rose 0.8 percent in the second quarter of 2020. Overall, prices are up 5.4 percent nationwide compared to a year ago. Investors are thinking about housing more than ever as further potential lockdowns loom. The U.S. housing market secured a modest advance in the second quarter of the year, experiencing a 0.8 percent…
While big-box stores are reveling in record profits, U.S. small businesses are floundering. One economist fears the small business crisis is a systemic threat to U.S. capitalism. Relief could come from an unexpected place: the housing market. A tale of two economies. A classic case of the haves and the have nots. A K-shaped recovery.…
The U.S. housing market has enjoyed stable price growth this year. Consumer interest in new homes remains high. Low supply and increasing buyer interest are making the market recession-proof. The U.S. housing market has held its ground impressively this year despite the economic fallout of the pandemic that has gripped the globe and sent millions…
As the housing market grapples with historically tight inventories, more construction is needed to arrest an affordability crisis. Unfortunately, U.S. construction spending just fell for a fourth straight month. Losses were especially steep in the homebuilding segment. Homebuilders face multiple headwinds that could stunt the housing market recovery. Monday may not have been an enormous…
It’s getting harder to find an affordable home in the United States. Home sellers are making big profits on their home sale. Millions of tenants could be evicted as they aren’t able to pay their rent. The pandemic has widened the gap between the rich and the poor in the United States. Inequality is particularly…
The rise in May home prices was slightly slower than in April. Prices could continue rising during the summer due to low supply and high demand. Home prices could drop in 2021 as foreclosures increase. The U.S. housing market showed signs of slowing in May. While home prices kept rising, they did so at a…
Existing home sales jumped nearly 21% in June. Low mortgage rates have driven homebuying demand. Home prices are rising due to low supply, making homes less affordable. While the rest of the U.S. economy isn’t recovering as fast as we would hope, the housing market is recovering sharply. The Housing Market Is Red Hot According…
A third (32%) of Americans missed their July housing payments. Banks are setting aside billions to cover potential loan defaults. Twenty-eight million Americans could be evicted in the coming months. The pandemic is causing an economic crisis like no other. The U.S housing market is on the edge of a huge crisis, as many Americans…
Homebuying demand remains strong despite an uncertain economic outlook. Home prices are rising due to tight supply and high demand. Home prices could decline in big cities as Americans flee to the suburbs. Mortgage rates keep falling, having set another record low last week. The average interest rate for 30-year fixed-rate mortgages declined to 3.19%…
The U.S. housing market has avoided the economic upheaval so far. The recent spike in infections poses a cause for concern. Dwindling home buyer confidence could weigh on the market. The U.S. housing market has remained immune to the pandemic thanks to a short supply of residential properties and rising demand from people working from…
