Where is the housing market headed? Pending Home Sales Tank 21% in March. Signs of Recovery in New Home Sales. The Housing Market Slides. Some Sectors of Housing Surge. Multifamily Housing Continues to Thrive. Renters are Converting to Buyers. These are just a sampling of the somewhat bipolar headlines relating to housing seen over the past two months. It seems the news in homebuilding is as volatile as the daily stock market swings as we navigate through life in the time of corona virus. If we had the proverbial crystal ball, we would know exactly what to do to weather the storm. Lacking such, the best we can do is make decisions based on sound research. For this we turn to the professionals who study the market statistics, forces and trends on a daily basis. The following article is provided to us by John Burns Real Estate Consulting. In a short and concise summary, they outline what their research says will be a few of the geographic opportunities that lie ahead. By Lesley Deutch & Ken Perlman While shelter-in-place is common among most markets, they each have very different housing market fundamentals. The key questions to ask for each market are:
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