From Upfina:
The housing market is doing well as there is underlying demand from millennials getting older. The lower 30s age range is the sweet spot for first time home buying. Then there are cyclical support which is the decline in interest rates and the movement away from cities to the suburbs because of COVID-19. It doesn’t hurt that household wealth is at a record high partially because of the stock market. This summer housing activity was taken from the spring as the economy was truly shut down in March and April, which are typically high points in the year for the housing market. The delay did nothing to stop people from buying. If anything, it encouraged buyers because the recession lowered rates.
The one negative of the 2020 housing market https://t.co/a2YKAVQhZ9
— Logan Mohtashami (@LoganMohtashami) November 2, 2020
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