While measures are being taken to keep people safe and avoid overloading the hospital system beyond capacity, they have an economic cost in terms of lost revenues, especially in states where these industries comprise a larger share of their economic output and employment should there be some temporary layoffs. States need to plan to mitigate these economic impacts.
Single female buyers accounted for the second-largest segment of the homebuyers at 17%, right after married couples. NAR identified the metro areas with the highest homeownership rates for single women.
Economic activity early in the year usually provides useful clues about the future. Let’s take a deeper look at some of the economic factors expected to affect the housing market at the national and local levels.