The housing market is expected to remain volatile for the remainder of the year and into 2021, according to a report byThe report no longer sees a V-shaped recovery in the near future because due to the increase in COVID-19 cases around the country and a potential pullback of federal aid from the government.As the coronavirus pandemic rages on, the US housing market is becoming less and less likely to see a V-shaped recovery in the coming months.
For the week ending July 17, the report said, weekly new listings were down 21.9% year-over-year. Over a longer period, from March 13 to July 17, there were 1,055,597 net new listings hitting the market, a 20.3% decrease. "Given these realities, we continue to believe the chances of a V-shaped housing market recovery in 2020 are growing slimmer as the possibility of volatility lasting into 2021 could be a reality," the report reads.According to CoreLogic's Home Price Index
CLICK BAIT POST
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 reasons why the US housing market will stay strong through the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is this good news or a lame prediction? If US housing stays strong even in the post pandemic period, this would be really interesting.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Peacock reported 10 million sign-ups this week - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Interesting & well considered distinction.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon's physical growth shows it sees e-shopping surge as permanent - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash risks after COVID-19 vaccine is available: SocGen - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. HEPA and NBLX are my stock picks. Great buy. Good outlook.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Why I'm saving up my credit card rewards to use for holiday gifts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The problems of privilege. I feel ya.. I use PiggyVest to save & invest securely. Sign up with my link and get ₦1,000.00 to start your own savings journey - Yeah--we can all relate.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Fauci clashes with Rep. Jim Jordan at House coronavirus hearing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good for Dr Fauci standing his ground!!! Jordan.....you can not break a good man. Fauci exposed as a fraud political hack Please tell me that someone is running against gym and that they can beat him!
Source: BusinessInsider - 🏆 729. / 51 Read more »