The Coronavirus Crisis has people struggling to pay bills: twelve percent of homeowners did not pay on time their mortgage last month, according to the U.S. Census.
With significant improvements in the job market, employment grew by 4.8 million new jobs in June.
The near 5 million job additions in a single month in June is off-the-chart the best ever by a wide margin.
The silent generation, aged 74 to 94 years, made up the smallest share of buyers by age at 6% of all homebuyers in 2019, and represented 8% of sellers.
Housing market conditions improved in May, according to REALTORS® who responded to NAR’s May 2020 Realtors® Confidence Index (RCI) Survey, a survey of REALTORS® about their monthly transactions.
In the week ending June 13, seasonally adjusted new claims were 1,508,000, a decrease of 58,000 from the previous week's revised level. In the meantime, continued claims, which show how many Americans received unemployment benefits, also dropped to 20.5 million in the week ending June 6, a decrease of 62,000 from the previous week's revised level.
Home showings in May 2020 were still below last year’s level, but activity picked up compared to April.
At the national level, housing affordability remained promising in April 2020 compared to a year ago and rose compared to March.
Younger boomers searched the longest of any age group for a median of 12 weeks, viewing a median of 10 homes, and had a median expected tenure in their home of 20 years.
In the week ending June 6, seasonally adjusted new claims were 1,542,000, a decrease of 355,000 from the previous week's revised level. In the meantime, continued claims, which show how many Americans received unemployment benefits, also dropped to 20.9 million in the week ending May 30, a decrease of 339,000 from the previous week's revised level.
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