Housing Market is Strong!
Three of the Latest Reports Show Housing Market Is Strong
The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here's a look at each one. 1. Ivy Zelman's Real Estate Broker SurveyThe survey explains that purchaser demand remains strong:
2. The National Association of Home Builders Housing Market IndexThe index reveals that builder confidence has returned to levels last seen prior to the pandemic:
3. The realtor.com Housing Market Recovery IndexThis index leverages a weighted average of four key components of the housing industry, tracking each of the following:
It then compares the current status to the last week of January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market's index value, the higher its recovery and vice versa. The latest results came in at 101, with realtor.com explaining:
Bottom LineReal estate brokers, home builders, and industry data all agree that the housing market has surged back to pre-COVID levels, showing growth, strength, and incredible resilience. |
Post a Comment