The number of new construction homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, while the supply of existing homes plunged 24%.
Here are seven charts that illustrate the latest developments in the housing market as coronavirus continues to transform residential real estate as we know it.
Americans are shopping for homes in small towns at an exceptionally higher rate than they were last year and even last month
We looked at how coronavirus has changed housing market behavior in places that have flattened the curve, places that haven’t, and those where real estate isn’t considered essential.
As the coronavirus pandemic sends shockwaves through the U.S. economy, banks are fighting financial uncertainty with stricter mortgage lending requirements, making it harder for house hunters to get their hands on home loans.
Home prices are holding up and demand is strengthening, but new listings continue to drop as the coronavirus outbreak takes a toll on the economy.
The number of new construction homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, while the supply of existing homes plunged 24%.
Here are seven charts that illustrate the latest developments in the housing market as coronavirus continues to transform residential real estate as we know it.
Americans are shopping for homes in small towns at an exceptionally higher rate than they were last year and even last month
We looked at how coronavirus has changed housing market behavior in places that have flattened the curve, places that haven’t, and those where real estate isn’t considered essential.
As the coronavirus pandemic sends shockwaves through the U.S. economy, banks are fighting financial uncertainty with stricter mortgage lending requirements, making it harder for house hunters to get their hands on home loans.
Home prices are holding up and demand is strengthening, but new listings continue to drop as the coronavirus outbreak takes a toll on the economy.
