August 4, 2020

Market Insights: July 2020

"In a strong signal that the housing market is ready to lead a post-COVID economic recovery, builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released [July 16, 2020]. " National Association of Home Builders (Read Full Article).

Mortgage Rates Decrease Slightly (July 30, 2020)

"Rates continue to remain near historic lows, driving purchase demand over 20 percent above a year ago. Real estate is one of the bright spots in the economy, with strong demand and modest slowdown in home prices heading into the late summer. Home sales should remain strong the next fews months into the early fall." - Freddie Mac

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