Market Perspective

Is a Wave of Buyers Headed for the Housing Market?

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Signs the tide is turning.

Homebuyer demand is now higher than before the pandemic[1]

Up 25% week ending June 7

Sources:

[1] Redfin Seasonally Adjusted Homebuyer Demand Index, week ending June 7, 2020.

[2] Fannie Mae Home Purchase Sentiment Index® (HPSI), May 2020.

[3] National Association of Realtors® (NAR) Survey, May 2020.

[4] Mortgage Bankers Association Weekly Mortgage Applications Survey, week ending June 12, 2020.

[5] Federal Open Market Committee, June 2020.

[6] ATTOM Data Solutions, U.S. Home Equity & Underwater Report, Q1 2020.

[7] CoreLogic, a data and analytics company, Homeowner Equity Insights report, Q1 2020.

[8] NAR, Metropolitan Median Area Prices and Affordability and Housing Affordability Index, May 2020.

[9] Zillow Weekly Market Report: Data Through June 6, 2020.

[10] CoreLogic Home Price Insights report, April 2020.

[11] Realtor.com®, 2020 Housing Market Predictions — COVID-19 Update.

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