Why Home Prices are Rising During the Pandemic
by Nicole Friedman – WSJ Online
“While many economists expect home sales to tumble this year, many forecasts call for prices to climb slightly or hold flat. Mortgage-finance giant Fannie Mae said in April that it expects the median existing-home price to tick up to $275,000 this year from $272,000 last year. Capital Economics forecasts average home prices this year will fall 3% compared with last year. Zillow said Monday that home prices are likely to drop 2% to 3% from previous levels by the end of the year and recover in 2021.
In a forecast released Tuesday, housing-data provider CoreLogic called for nationwide home prices to rise 0.5% between March 2020 and March 2021. CoreLogic forecast annual price declines in some cities including Houston, Miami and Las Vegas.”
Read the full article here.
Buckle up for Week 8 of the Double Down Newsletter!
We hope that all the Mothers, Aunts, and Friends who are raising kids, dogs, cats, husbands, and wives, all had a day full of relaxation! Undoubtedly, you’ve all put your capes back on for another day of saving the world.
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