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Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. 

Even with all of the uncertainty of 2020, the residential real estate market continues to show great resilience.

With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. 

53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis.

: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light

There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. 

reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. 

With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. 

Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. 

The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. 

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year?