Credit/Debit Card Spending Picking Up

Fri, 31 Jul 2020 13:53:39 +0000

The U.S. Census Bureau released its second-quarter GDP estimates and reported that personal consumption spending fell by nearly 35% on a seasonally adjusted annual rate.

June 2020 Pending Home Sales

Fri, 31 Jul 2020 13:25:01 +0000

June’s pending home sales pace increased 16.6% last month and rose 6.3% from a year ago. This would be the second consecutive month of gains as well as the first year over year incline since the virus’s impact on the housing market.

New Unemployment Claims Increased to 1.4 Million Last Week

Thu, 30 Jul 2020 17:45:40 +0000

Layoffs are still happening with 1.4 million new filers for unemployment insurance, a slight increase of 12,000 from the prior week.

Instant Reaction: Latest Mortgage Rates and Unemployment Filings

Thu, 30 Jul 2020 14:44:33 +0000

The housing market is hot because of lower mortgage rates, but the luxury market may remain soft due to jumbo loan issues.

Instant Reaction: GDP, July 30, 2020

Thu, 30 Jul 2020 13:43:03 +0000

As expected, economic activity collapsed in the second quarter due to the total virus-lockdown in April and only partial re-openings in May. The GDP contraction of 33% on an annualized basis is the steepest ever experienced in the U.S.

Pending Home Sales Mount 16.6% Increase in June

Wed, 29 Jul 2020 13:11:21 +0000

All four regions of the country experienced growth in month-over-month pending home sales transactions, while the Northeast was the only region to not record increases in year-over-year pending transactions.

Homeownership Rate Increased During the Pandemic, According to the U.S. Census

Wed, 29 Jul 2020 13:02:26 +0000

According to the Census Bureau's Residential Vacancies and Homeownership report for Q2 2020, the homeownership rate increased by nearly 4 percentage points, to 67.9%.

Comparing Mortgage Payment Status by State

Tue, 28 Jul 2020 17:54:21 +0000

NAR has analyzed the ability of mortgage holders to meet their mortgage payments by state, age group, and income.

2020 Member Profile & Market Recovery Survey

Mon, 27 Jul 2020 19:42:09 +0000

Dr. Jessica Lautz, NAR's Vice President of Demographics and Behavioral Insights, shares highlights of the 2020 Annual Member Profile and the Market Recovery Survey.

Contract Terminations Fall to 7% in June 2020 as Jobs Recover

Mon, 27 Jul 2020 13:27:51 +0000

As jobs recover, the fraction of purchase contract terminations has started to decline again.

Lisa Cromwell, REALTOR®
RE/MAX Premier
602 S King St Ste 202
Leesburg, VA 20175
© 2020 Lisa Cromwell, Realtor®
© 2020 Lisa Cromwell, Realtor®
RE/MAX Premier is an independently owned and operated real estate brokerage with five offices throughout Loudoun and Fairfax Counties to better serve you!
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