Market Perspective

Homebuying in 2020? Bigger means better

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Sales of large homes are up.

Mortgage origination volume projected to hit $3.4 trillion this year — the highest level since ’03 [7]

Sources:

[1] Redfin, August 2020.

[2] National Association of Home Builders, Home Building Geography Index, Q2 2020.

[3] National Association of Realtors® (NAR), Existing-Home Sales, July 2020.

[4] NAR, Pending Home Sales, July 2020.

[5] U.S. Census Bureau, HUD, Monthly New Residential Sales, July 2020.

[6] Ellie Mae® Millennial Tracker, July 2020.

[7] Fannie Mae Economic and Strategic Research (ESR) Group, Economic Outlook, August 2020.

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