• Melody Visser

National Update On Housing and Jobs

Housing

  • Applications for mortgages to purchase homes gained for the 6th consecutive week to a level that is 6.7% higher than a year ago

  • April did mark the absolute bottom of per capita real estate activity since the Great Depression with 3 quarters of buyer traffic disappearing, but that was immediately followed by at an unprecedented turnaround with showings up to where they were back in February

  • For the 4th consecutive week, the 30 year fixed-rate mortgage has been below 3.3%

Employment

  • 75% of job loses are temporary layoffs & furloughs. There are about 3 new hires for every 10 layoffs due to Covid 19

  • Weekly jobless claims released on May 21st totaled nearly 2.4 million. However continuing claims - workers already unemployed and receiving ongoing benefits have leveled off.


0 views

Melody Visser | REALTOR®

1507 Dodona Terrace #100 | Leesburg, VA 20175