9 min listen
Real estate market shows promising signs of recovery
Real estate market shows promising signs of recovery
ratings:
Length:
6 minutes
Released:
Jun 19, 2020
Format:
Podcast episode
Description
In today’s Daily Download episode, HousingWire covers data that shows the real estate market is beginning to heat back up to pre-pandemic levels.For some background on the story, here’s a summary of the article:Demand for houses continues to skyrocket, according to a report from Redfin CEO Glenn Kelman. Seasonally adjusted demand for houses during the week of June 1 through June 7 was 25% above pre-pandemic levels. Kelman said that bidding wars have caused listings to move quickly, and sales prices are up 3.1% year over year. The percentage of newly listed homes to accept an offer within 14 days increased from 42% in May to 47% in June.“Our abiding concern in May was about the number of homes for sale, but that’s improving too,” Kelman said. “After falling to 21% below last year’s level the week of May 25-31, new listings last week continued their recovery; last week’s new listings were 15% below last year’s level.”Following the main story, HousingWire covers data from Realtor.com that indicates housing markets in tech hubs are likely to recover faster from the COVID-19 pandemic and a survey from 72Point and the National Association of Realtors that claims 47% of homeowners have considered selling their home due to the pandemic.The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:The real estate market heats up: Housing demand is 25% above pre-pandemic levelsHousing markets in tech hubs likely to recover faster from pandemicEven with mortgage assistance, 47% of homeowners have considered selling their home due to pandemic
Released:
Jun 19, 2020
Format:
Podcast episode
Titles in the series (100)
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