The median existing home price for all housing types in September was $311,800, up 14.8% from September 2019 , as prices rose in every region. September’s national price increase marks 103 straight months of year-over-year gains.
The week of Oct. 17 marked the fourth week in a row of homes selling nearly two weeks faster than the prior year. Ruben Gonzalez, chief economist for Keller Williams real estate franchise, predicts mortgage rates will continue to drive demand and are going to remain near record lows the rest of the year, and likely well into 2021.
“The uncertainty about when the pandemic will end coupled with the ability to work from home appears to have boosted sales in summer resort regions, including Lake Tahoe, mid-Atlantic beaches , and the Jersey shore areas,” said Yun.
Oops, try again
Forbes doesn’t understand supply and demand. Puzzling.
Despite low inventory..? What kind of misguided headline is this. Low inventory causes high prices, Supply and demand. Mix in the record low interest rates and I’d say you have a pretty simple story. Because everyone needs these bigger spaces for remote working it’s not complex.
trumpseconomy is bouncing back better than it ever would in a democratic economy.
Sounds like another bubble
Got any Ronna? Asking for a friend.
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