Home viewings data from SentriLock®, LLC, a lockbox company, indicates a continued downward trend in home buyer traffic in April 2020 with respect to the prior month and one year ago in the wake of coronavirus social distancing measures, stay-at-home orders and the unprecedented rise in unemployment.
Most of the companies hiring additional employees to meet increased demand are included in the following industries: health care, food and grocery stores, delivery, and telecommunications.
At the national level, housing affordability improved in March 2020 compared to a year ago but fell compared to February, and median home prices rose 8.0 % in March from one year ago.
Millions of small businesses were able to benefit from the Paycheck Protection Program (PPP) and rehire their furloughed employees.
The Paycheck Protection Program (PPP) is a program funded under the $2.2 trillion CARES Act to provide a direct incentive for small businesses to keep their workers on the payroll.
NAR reported on the growth of sustainability efforts in the real estate industry. This post highlights REALTOR® feedback on sustainable issues.
Gen Xers, buyers (aged 40 to 54 years), remain the second-largest share of home buyers by generation at 23% of all homebuyers in 2019.
The joblessness rate is certain to be higher next month, but soon afterward it will steadily fall.
While jobless claims surged at unprecedented levels in March due to the Coronavirus outbreak, unemployment is continuously slowing in April in 26 states across the country.
Older Boomers, aged 65 to 73 years, made up 15% of all homebuyers in 2019. This group had the third-largest share of single female buyers at 22%.
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