{"id":3102,"date":"2020-08-03T05:00:06","date_gmt":"2020-08-03T10:00:06","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/experts-weigh-in-on-the-remarkable-strength-of-the-housing-market\/"},"modified":"2021-12-12T14:17:58","modified_gmt":"2021-12-12T20:17:58","slug":"experts-weigh-in-on-the-remarkable-strength-of-the-housing-market","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/experts-weigh-in-on-the-remarkable-strength-of-the-housing-market\/","title":{"rendered":"Experts Weigh-In on the Remarkable Strength of the Housing Market"},"content":{"rendered":"

\"Experts<\/p>\n

America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation\u2019s history all continue to test this country in unimaginable ways.<\/span><\/p>\n

Even with all of that uncertainty, the residential real estate market continues to show great resilience. Here\u2019s a look at what the experts have said about the housing market over the past few weeks.<\/p>\n

Ivy Zelman, CEO of Zelman & Associates<\/a>:<\/p>\n

\n

\u201cWhether in terms of pending contract activity or our proprietary buyer demand ratings, the various measures of demand captured in this month\u2019s survey can only be described as shockingly strong<\/strong>, in spite of the resurgence in COVID-19 cases.\u201d<\/em><\/p>\n<\/blockquote>\n

Logan Mohtashami, Lead Housing Analyst at HousingWire<\/a>:<\/p>\n

\n

\u201cExisting home sales are still down year over year by 11.3%, but as crazy as this might sound, we have a shot at getting positive year-over-year growth<\/strong>\u2026We may see an existing home sales print of 5,510,000 in 2020.\u201d<\/em><\/p>\n<\/blockquote>\n

Matthew Speakman, Zillow Economist<\/a>:<\/p>\n

\n

\u201cIn a remarkable show of resilience, the housing market has stared the pandemic right in the eye and hasn\u2019t blinked<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

Todd Teta, Chief Product Officer for ATTOM Data Solutions<\/a>:<\/p>\n

\n

\u201cThe housing market across the United States pulled something of a high-wire act in the second quarter<\/strong>, surging forward despite the encroaching economic headwinds resulting from the Coronavirus pandemic.\u201d<\/em><\/p>\n<\/blockquote>\n

Ali Wolf, Chief Economist of Meyers Research:<\/p>\n

\n

\u201cThe housing recovery has been nothing short of remarkable<\/strong>. The expectation was that housing would be crushed. It was\u2014for about two months\u2014and then it came roaring back.\u201d<\/em><\/p>\n<\/blockquote>\n

Clare Trapasso, Senior News Editor of realtor.com:<\/p>\n

\n

\u201cDespite the crippling and ongoing coronavirus pandemic, millions out of work, a recession, a national reckoning over systemic racism, and a highly contentious presidential election just around the corner, the residential real estate market is staging an astonishing rebound<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

Bill Banfield, EVP of Capital Markets at Quicken Loans<\/a>:<\/p>\n

\n

\u201cThe pandemic has not stopped the consistent home price growth<\/strong> we have witnessed in recent years.\u201d<\/em><\/p>\n<\/blockquote>\n

Economic & Strategic Research Group at Fannie Mae<\/a>:<\/p>\n

\n

\u201cRecent home purchase measures have continued to show remarkable strength<\/strong>, leading us to revise upward<\/strong> our home sales forecast, particularly over the third quarter. Similarly, we bumped up our expectations for home price growth and purchase mortgage originations.\u201d<\/em><\/p>\n<\/blockquote>\n

Mark Fleming, Chief Economist at First American<\/a>:<\/p>\n

\n

\u201cIt seems hard to deny that when one looks at many of the housing market statistics, a \u201cV\u201d shape is quite apparent<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

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

The experts seem to agree that residential real estate is doing remarkably well. If you\u2019re thinking of jumping into the housing market (whether buying or selling), this may be the perfect time.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation\u2019s history all continue to test this country in unimaginable ways. Even with all of that uncertainty, the residential […]<\/p>\n","protected":false},"author":1,"featured_media":3103,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3102","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nExperts Weigh-In on the Remarkable Strength of the Housing Market—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/experts-weigh-in-on-the-remarkable-strength-of-the-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Experts Weigh-In on the Remarkable Strength of the Housing Market—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"America has faced its share of challenges in 2020. 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