Is the Housing Market Crashing?
As the overall numbers of unemployed in the US is slowly declining, the housing market is encountering a rebound. Despite the fact that the spring of 2020 was rough due to the virus outbreak, more than 5 million Americans are getting back to work. Buyers are still looking for perfect homes, which means that the home buying rate in the summer of 2020 should increase accordingly. Judging by that case, new home buyers appear to believe that the recession is only a temporary matter. Usually, the rates of home buying are dropping with the rising un employment, however, this case is showing that the rates for home purchases was lower in spring during the lockdown.
