While the holiday spirit may warm hearts, the cooler temperatures create colder homes. Because of this, homebuyers must consider a variety of different environmental factors when deciding which home to purchase, in hopes to minimize the cost of comfort.
The coronavirus pandemic has had a more acute impact on businesses providing accommodation services (hotels, motels, bed and breakfasts) compared to all industries broadly.
This report presents key results about market transactions from the November 2020 REALTORS® Confidence Index survey.
The GDP rose 33.4% in Q3 of 2020; housing and consumer spending are driving the recovery.
The new November 2020 NAR SentriLock Home Showings report indicates that there was a decrease in nationwide foot traffic on a month-over-month basis. Nationally, Sentrilock home showings were up 16% year-over-year.
The number of Americans applying for a new jobless claim rose again last week to 885,000, the highest weekly total since September.
REALTORS® have stepped up to the plate, giving back to the communities in which they live in the form of both their time and resources.
Food service and drinking place sales decreased 3.9% in November from October figures. But unlike traditional brick-and-mortar food service and drinking place retail, online food delivery is operating at record highs as a result of the coronavirus pandemic.
Retail and foodservice sales are estimated at $546.5 billion, which is a 1.1% decrease from prior month figures but up 4.1% year-over-year.
The 30-year fixed mortgage rate fell sharply this week, hitting a new record low at 2.67%. NAR forecasts the 30-year fixed-rate mortgage to average 2.9% and 3.0% in the first and second quarter of 2020, respectively.
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