Record-low interest rates and the coronavirus pandemic helped make 2020 a banner year for homebuying.
Existing home sales reached 14-year highs in September, and monthly sales of new homes were 20% higher than 2019, according to the most recent monthly data from the Census Bureau.
“You hear all these stories about a mass exodus from San Francisco, and I keep looking around to see people with their trucks loaded with belongings like ‘The Beverly Hillbillies’ or something,” said Cynthia Cummins, a real estate agent with Kindred SF Homes in San Francisco. “But mainly, they’re just moving across town or they’re trying to get someplace where they’re closer to a park.” Read more…..
Chart of the Day
Health Secretary Matt Hancock holds a Downing Street press conference alongside Prof Stephen Powis, national medical director for the NHS in England, and Dr Susan Hopkins, chief medical adviser to NHS Test and Trace.