The
National Association of Realtors Chief Economist says housing market activity is “now
outperforming” 2019. He adds there will eventually be a vaccine
which will boost the economy, so he projects home sales will rise 8% in 2021.
Realtor.com's Housing
Market Recovery Index is now ahead of its pre-shutdown baseline nationwide. All four
regions and 43 of the 50 largest markets are now above that recovery benchmark.
First American reports a 15% increase in house-buying power—how much home one can afford to buy given household income and the prevailing mortgage rate. They credit low mortgage rates and continued income gains.
