Posted To: MND NewsWire
As the result of a Local Employment Dynamics Webinar held earlier this year, the Census Bureau has paired up with Zillow, using their combined data to show some of the impact of the pandemic on housing market trends. Census Bureau analyst Earlene K.P. Dowell wrote of the results in an article published on the Bureau’s website. Dowell says that the housing market came to a screeching halt in March 2020, when much of the nation shut down in response to the COVID-19 pandemic. But, by summer the rebound, once many lockdown measures were lifted, was “big and fast and revealed new homebuying patterns.” Americans had quickly adapted to the remote workstyle and began buying homes outside of some cities and traditional job centers. This isn’t exactly breaking news, but the report has some interesting…(read more)
Source: Mortgage News Daily
