{"id":976,"date":"2020-07-27T14:48:04","date_gmt":"2020-07-27T14:48:04","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=976"},"modified":"2020-07-27T14:48:04","modified_gmt":"2020-07-27T14:48:04","slug":"three-latest-reports-show-housing-market-strong","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/three-latest-reports-show-housing-market-strong\/","title":{"rendered":"Three of the Latest Reports Show Housing Market Is Strong"},"content":{"rendered":"
\"\"

Three of the Latest Reports Show Housing Market Is Strong<\/p><\/div>\n

The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here\u2019s a look at each one.<\/p>\n

1. Ivy Zelman\u2019s\u00a0<\/strong>Real Estate Broker Survey<\/strong><\/a><\/h4>\n

The survey explains that purchaser demand remains strong:<\/p>\n

\u201cThis month\u2019s overall homebuyer demand rating\u2026was easily the\u00a0strongest sequential gain in our survey history<\/strong>\u2026Strength continues to be led by the entry-level\u2026While high-end demand is less robust in an absolute sense, there has also been relative improvement, with contacts attributing incremental improvement to the stock market\u2019s rebound, record low mortgage rates and luxury customers trading out of high-priced cities.\u201d<\/em><\/p><\/blockquote>\n

2. The National Association of Home Builders\u00a0<\/strong>Housing Market Index<\/strong><\/a><\/h4>\n

The index reveals that builder confidence has returned to levels last seen prior to the pandemic:<\/p>\n

\u201cIn a strong signal that\u00a0the housing market is ready to lead a post-COVID economic recovery<\/strong>, builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July, according to the latest National Association of Home Builders\/Wells Fargo Housing Market Index (HMI). The HMI now stands at the solid pre-pandemic reading in March before the outbreak affected much of the nation.\u201d<\/em><\/p><\/blockquote>\n

3. The realtor.com\u00a0<\/strong>Housing Market Recovery Index<\/strong><\/a><\/h4>\n

This index leverages a weighted average of four key components of the housing industry, tracking each of the following:<\/p>\n

    \n
  1. Housing Demand \u2013 Growth in online search activity<\/li>\n
  2. Home Price \u2013 Growth in asking prices<\/li>\n
  3. Housing Supply \u2013 Growth of new listings<\/li>\n
  4. Pace of Sales \u2013 Difference in time-on-market<\/li>\n<\/ol>\n

    It then compares the current status\u00a0\u201cto the last week of January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market\u2019s index value, the higher its recovery and vice versa<\/em>.\u201d<\/p>\n

    The latest results came in at 101, with realtor.com explaining:<\/p>\n

    \u201cThe U.S. Housing Market has recovered from the immediate disruption caused by the COVID pandemic and\u00a0returned to January 2020 growth levels<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

    Bottom Line<\/strong><\/h3>\n

    Real estate brokers, home builders, and industry data all agree that the housing market has surged back to pre-COVID levels, showing growth, strength, and incredible resilience.<\/p>\n

     <\/p>\n

    Contact us:<\/strong>
    \nPHP Houses
    \n142 W Lakeview Ave
    \nUnit 1030
    \nLake Mary, FL 32746
    \nPh:\u00a0(407) 519-0719<\/span>
    \nFax:\u00a0(407) 205-1951<\/span>
    \nemail:\u00a0info@phphouses.com<\/p>\n

    Let\u2019s Connect:<\/strong>
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    THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

    Housing Market Finish Reading Three of the Latest Reports Show Housing Market Is Strong<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[167,10,18,16,27,91,52,25,42,225,23,63,48,13,47,19,93,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/976"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=976"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/976\/revisions"}],"predecessor-version":[{"id":978,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/976\/revisions\/978"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}