Nearly half a million job losses in leisure and hospitality wipe out job gains in December 2020 and lead to rising unemployment rate among Hispanics.
There was a decrease in nationwide foot traffic on a month-to-month basis, but home showings were up 24% year-over-year.
Mortgage rates started the new year with a new record low. The 30-year fixed mortgage rate dropped this week to 2.65% from 2.67% the previous week, although the 10-year Treasury yield is moving upwards.
2020 was a year that saw a pandemic end the longest U.S. economic expansion in history and sent other economies into an economic downturn.
On an unadjusted basis, new jobless claims dropped by 4% to 841,111. However, the number of claims remains well above pre-pandemic levels.
November’s pending home sales pace declined 2.6% last month but rose 16.4% from a year ago.
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.
Existing-home sales data showing that housing market activity this November decreased 2.5% from October 2020.
This report presents key results about market transactions from the November 2020 REALTORS® Confidence Index survey.
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