The number of laid-off Americans seeking unemployment benefits rises as the coronavirus pandemic weighs heavily on the economy.Advertisement
Mark Perez, a real estate agent in the Los Angeles area, said more sellers aren’t listing their homes because they underestimate the level of demand.Advertisement That means many struggling homeowners aren’t entering foreclosure or being forced to sell rapidly to stave off that credit-ruining prospect.
In Orange County, sales rose 49% from May and fell 22.1% from a year earlier. The median price rose 4.1% from a year earlier to $765,000.
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