Reports that forecast the death of cities were a bit premature. A lot of the things that make city living great — a short commute, the nightlife, the restaurants, the live entertainment — have been shut down. But, as Zillow Economist Jeff Tucker notes, “it won’t be shut down forever.” “As employers bring employees back […]
Will COVID-19 Impact Real Estate Long Term?
by Matthew Gardner Chief Economist, Windermere Real Estate There’s an overwhelming amount of data and headlines circulating, and this column is an attempt to make sense of it all for the real estate professional, from an economic standpoint. Many want to know, what might the long-term impact of COVID-19 be on various residential asset classes? […]
Sales Highest Since July
Pending home sales moved up slightly in October month-over-month, enough to inch sales contracts up to the highest level since July, according to the latest reading from the National Association of REALTORS®’ Pending Home Sales Index, a forward-looking indicator based on contract signings. Nationwide, pending home sales managed a 0.1 percent month-over-month increase in October to […]