The monthly Metropolitan resale snapshot provides an overview of the existing home market and expectations for existing home price growth over the short term for 30 areas.
Metropolitan resale snapshot: April 2020
Metropolitan resale snapshot: April 2020
Metropolitan
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The health and economic risks associated with the COVID-19 outbreak have hammered the resale market. Job losses, cancelled open houses, and collapsed consumer confidence are major concerns. Federal policy moves—including recent sharp interest rate cuts—will eventually help, but the immediate future is bleak.
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