The new October 2020 NAR SentriLock Home Showings Report indicates that there was a slight decrease in nationwide foot traffic on a month-over-month basis, but showings activity remain at elevated levels with respect to year-over-year activity.
The unadjusted new jobless claims totaled 743,460 in the week ending November 14, an increase of 3% from the previous week.
REALTORS® report “Covid and elections” as the major issues affecting transactions in October 2020.
NAR’s October REALTORS® Confidence Index Report indicates that there is a demographic shift from the cities to the suburbs, or to smaller counties, less dense counties.
Temporary retail store closures experienced earlier in the year have returned.
Housing market activity this October increased 4.3% from September 2020, and sales of existing homes jumped 26.6% from October 2019.
Seasonally adjusted estimates of the U.S. retail e-commerce sales for Q3 2020 decreased from the Q2 2020 estimate of $211.5 billion to $209.5 billion, which is a decline of 1%.
Mortgage rates hit another record low this week for the thirteenth time this year.
Seasonally adjusted advanced estimates of United States retail and food services sales increased over the prior month as October sales continued the increasing trend.
With a one-week lag, the number of people applying for extended benefits is rising at a slower pace in the last three weeks implying that many people are able to find a job.
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