Credit/Debit Card Spending Picking Up
Fri, 31 Jul 2020 13:53:39 +0000The 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.
https://www.nar.realtor/blogs/economists-outlook/credit/debit-card-spending-picking-up
June 2020 Pending Home Sales
Fri, 31 Jul 2020 13:25:01 +0000June’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.
https://www.nar.realtor/blogs/economists-outlook/june-2020-pending-home-sales
New Unemployment Claims Increased to 1.4 Million Last Week
Thu, 30 Jul 2020 17:45:40 +0000Layoffs 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 +0000The 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 +0000As 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.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-gdp-july-30-2020
Pending Home Sales Mount 16.6% Increase in June
Wed, 29 Jul 2020 13:11:21 +0000All 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.
https://www.nar.realtor/newsroom/pending-home-sales-mount-16-6-increase-in-june
Homeownership Rate Increased During the Pandemic, According to the U.S. Census
Wed, 29 Jul 2020 13:02:26 +0000According 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 +0000NAR has analyzed the ability of mortgage holders to meet their mortgage payments by state, age group, and income.
https://www.nar.realtor/blogs/economists-outlook/comparing-mortgage-payment-status-by-state
2020 Member Profile & Market Recovery Survey
Mon, 27 Jul 2020 19:42:09 +0000Dr. Jessica Lautz, NAR's Vice President of Demographics and Behavioral Insights, shares highlights of the 2020 Annual Member Profile and the Market Recovery Survey.
https://www.nar.realtor/videos/pivot-in-place/2020-member-profile-market-recovery-survey
Contract Terminations Fall to 7% in June 2020 as Jobs Recover
Mon, 27 Jul 2020 13:27:51 +0000As jobs recover, the fraction of purchase contract terminations has started to decline again.
