The Realtor.com® economics team weekly video update, from the realtor.com YouTube channel, gives you the relevant economic and real estate information you need to know to navigate the housing market as a homebuyer, home seller, or industry professional.
This week, Chief Economist Danielle Hale discusses the latest inflation reading from the Fed’s preferred measure, and what the minutes from the recent May Fed meeting mean for upcoming monetary policy.
In this weeks COVID-19 update, from the Realtor.com YouTube channel, Senior Economist George Ratiu talks about the changes in the economy and real estate markets, starting with the surprising rise in jobless claims. He follows-up with mortgage rates, which experienced the fourth consecutive weekly decline, boosting sales of existing homes. He also discusses the welcome increase in the number of homes listed for sale this summer, based on Realtor.com’s weekly inventory release.
George covers the latest data on the new construction front, including the softening builder sentiment and the mixed numbers for housing permits, starts and completions. George wraps up the update with the latest quarterly Realtor.com/The Wall Street Journal Emerging Housing Markets Index, which highlights smaller cities, with strong economies, entrepreneurial diversity, good quality of life, and a growing share of non-local home shoppers seeking affordability.
In this weeks COVID-19 Housing Market Update video, from the Realtor.com YouTube channel, Chief Economist Danielle Hale discusses her thoughts on the May jobs report including the best-performing industries. She also notes the latest jobless claims data and what happened with vehicle sales in May.
In housing, we saw an uptick in mortgage rates but they’re still hovering at a favorable level.
Danielle also discusses the May housing data highlights spotlighting trends in prices, time on market, and new listings that are also visible in the weekly housing trend update.