Younger millennials, buyers aged 22 to 29 years, made up 13% of all homebuyers in 2019, surpassing the silent generation as a buying group.
The number of users of on-demand delivery services is increasing as well as the number of restaurants partnering with food delivery companies.
Employment data quickly turned for the better with surprising net job creations in May.
In the week ending May 30, seasonally adjusted new claims were 1,877,000, a decrease of 249,000 from the previous week's revised level.
Nearly 21 million people received unemployment benefits in the week ending May 16; a decrease of 3.8 million from the previous week’s revised levels.
Due to the coronavirus pandemic, the job market and the economy have changed drastically. We are seeing record highs of filings for unemployment as well as many families are trying to figure out how to manage the financial wellness of their households.
NAR’s April 2020 Realtors® Confidence Index (RCI) Survey shows the effect of coronavirus social distancing measures on the housing market. Here are five trends based on the data.
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.
Search Economists' Outlook