FILE PHOTO: A home for sale is seen in Santa Monica, California, U.S., March 21, 2017. REUTERS/Lucy Nicholson - RC152A05C460/File Photo
Combined with June’s 20.2% gain, home sales have mushroomed by nearly 50% in two months to fully retrace the cratering in residential real estate activity in the spring after the COVID-19 pandemic started spreading across the country. July’s sales rate was the fastest since December 2006, when the country was in the latter stages of the sub-prime mortgage housing boom.
Housing has been a bright spot in the economy even as other sectors suffer amid widespread coronavirus infections that have slowed commerce and kept unemployment high. More than 28 million people were collecting jobless benefits under all programs at the end of July.
Do you mean people are being forced to sell as they can't afford their mortgages, and wealthy people are taking advantage of poverty and picking up bargains? Taking into account the huge numbers of unemployed people/claiming support -who is selling and who is buying? Duh...
Be careful . You don’t want to report good economic news or it might help Trump. Be sure to cater to your liberal whack job cronies.
Evictions up much more? Cause, who is buying?
Not a recovery, people are leaving the cities and moving to less crowded and inexpensive areas. We're weeks away from a second surge and cold/flu season. No recovery in sight
It means people are down sizing
Thank you realDonaldTrump.
It’s signaling the same housing boom every country is seeing, if you have to stay home...
This is propaganda.
You're crazy.
Recovery or a housing bubble?
My plan is to vote early as possible and then go to the polling stations in areas where there are minorities and start filming since trump is going to have sheriff and police there...any voter suppression will be on video. THIS IDEA NEEDS TO BE SHARED PLEASE RETWEET ✌❤
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