Data recently released by the Bureau of Economic Analysis (BEA) is reporting that personal income surged in April to a seasonally adjusted annual rate (SAAR) of $ 20,674 billion.
According to its weekly blog post, the International Monetary Fund (IMF) is warning that key economic indicators may be skewed and perhaps less accurate, in the wake of the COVID-19 pandemic.
According to the latest quarterly report by the National Association of Realtors® (NAR), almost all of the nation’s metro areas experienced price growth and had minimal inventory increases in the first quarter of 2020.
Many dealers are reporting that their May sales are better than they had initially estimated. The same holds true for April’s overall housing data.
The U.S. Department of Labor is reporting that an additional 2.123 million Americans made their initial filing for unemployment benefits during the week ending on Saturday May 23rd.
The National Association of Realtors® (NAR) has reported Pending Homes Sales Index (PHSI) declined -21.8% to 69.0 in February.
Housing starts, sales and prices are all expected to plunge until a recovery, which is expected to start sometime in mid-2021, gets underway.
The Primary Mortgage Market Survey shows that 30-year fixed-mortgage rate averaged 3.15% with an average 0.8 point, down from last week when it averaged 3.24%.
According to the Bureau of Labor Statistics, nonfarm payroll employment dropped in all 50 states and the District of Columbia, in April 2020.
After sharps declines, signs of stabilization appear in Consumer Confidence indices.