Realtor.com COVID-19 Housing Market Update

In the following video, from the REALTOR.COM YouTube channel, Senior Economist George Ratiu talks about new signs of growth in the economy and real estate markets. He talks about the first quarter GDP advance and the rebound in durable goods orders. He also discusses the welcome decline in jobless claims, and the accompanying jump in consumer confidence.

George talks about the Federal Reserve’s continued monetary support and the impact on mortgage rates. He also presents the latest market trends from realtor.com, including results from a recent survey of homeowners indicating a noticeable potential increase in the number of homes for sale.

George also mentions the newest market spotlight, a partnership between realtor.com and The Wall Street Journal, looking at emerging housing markets, cities where solid local economies complement diverse neighborhoods, entrepreneurship, high quality of life, and relatively affordable real estate (published by Chief Economist Danielle Hale).

Realtor.com COVID-19 Housing Market Update

This week, on the Realtor.com YouTube channel, Senior Economist George Ratiu discusses the signs of slowdown in the economic recovery, starting with the retail sales report.

He also talks about the Federal Reserve’s data on industrial production, and the FOMC’s latest monetary policy meeting. He follows it up with the latest figures for unemployment insurance claims. – George also covers the latest on the real estate front, discussing new construction numbers and the latest homebuilders’ index.

He highlights the latest realtor.com® Weekly Housing Trends data and the Housing Recovery Index. He also touches on another record-low for mortgage rates, along with the uptick in applications. – George wraps up the weekly update mentioning the latest consumer survey focused on smart home technology.