As of September, 41 states had job gains but employment has not recovered to pre-pandemic levels (February 2020) in all states.
Housing market activity this September rose 9.4% from August 2020, and sales of existing homes jumped 21% from September 2019.
Seasonally adjusted advanced estimates of United States retail and food services sales continued its upward trend for the month of September as sales continue to exceed pre-pandemic levels.
REALTORS® reported conducting more home tours, with an average of nearly five in-person home tours compared to only two new listings per agent.
The 30-year fixed-rate mortgage reached a new record low for the second consecutive week, falling to an average 2.80% from 2.81% the previous week.
The new September 2020 NAR Sentrilock Home Showings Report indicates a slight decrease in nationwide foot traffic, but showings remain at historically elevated levels as home showings for three of the four regions saw increases in year-over-year activity.
A gain of 8.1% from a year ago to 1.415 million new unit production (annualized) is good but far more units are needed.
New claims have hovered near 800,000 in the last 5 consecutive weeks. However, the number of people filing for unemployment benefits rose significantly last week.
Mortgage rates sharply fell this week reaching a new record low. Following the trend of the 10-year Treasury yield, the 30-year fixed-rate mortgage dropped to average 2.81% this week from 2.87% the prior week
NAR compared some of the characteristics of Hispanic Americans with those of other Americans to evaluate the socioeconomic status and the effects of COVID on this group.
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