What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Lydia Rodriguez

Let's Find Your Next Place











Lydia Rodriguez

San Fernando Realty

A Remarkable Recovery for the Housing Market

July 21, 2020


For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving.

Here’s a look at what a few of the experts have to say about today’s astonishing recovery. In more than one instance, it’s being noted as truly remarkable.

Ali Wolf, Chief Economist, Meyers Research

“The housing recovery has been nothing short of remarkable…The expectation was that housing would be crushed. It was—for about two months—and then it came roaring back.”

Fannie Mae

“Recent home purchase measures have continued to show remarkable strength, leading us to revise upward our home sales forecast, particularly over the third quarter. Similarly, we bumped up our expectations for home price growth and purchase mortgage originations.”

Javier Vivas, Director of Economic Research for realtor.com

“All-time low mortgage rates and easing job losses have boosted buyer confidence back to pre-pandemic levels.”

James Knightley, Chief International Economist, ING

“At face value this is remarkable given the scale of joblessness in the economy and the ongoing uncertainty relating to the path of Covid-19…The outlook for housing transactions, construction activity and employment in the sector is looking much better than what looked possible just a couple of months ago.”

Bottom Line 

The strength of the housing market is a bright spark in the economy and leading the way to what is truly being called a remarkable recovery throughout this country. If you’re thinking of buying or selling a home, maybe this is your year to make a move after all.


Tags:

Featured Listings

sold
Welcome Home! This is the home you've been waiting for. Lush entry way with lots of greenery and a calming water fall fountain welcomes you as you enter you Palace.
$595,000
sold
4
beds
3
baths
1,943
Sq Ft
sold
Welcome home! Amazing opportunity. This home features 6 spacious bedrooms with 3 1/2 bathrooms.
$295,000
sold
6
beds
3.5
baths
2,702
Sq Ft
listed
Just reduced!!!Bring your imagination and built your Dream Home!!! Per County assessors land is 2.49ac. Owner is very motivated to sell and is willing to consider a seller carry back for a portion of the purchase price. This property is perfect for anyone
$95,000
listed
0
beds
0
baths
2.49
Sq Ft
sold
Welcome to an amazing opportunity to own 3 units. This amazing property boast lots of great features. Duplex - 13160 Carl: 2 bedroom, 1 bath with a laundry room. Central heating and Air installed in 2007, and much more
$620,000
sold
6
beds
3
baths
2,232
Sq Ft

Recent Posts

Get Started!