US house prices have been resilient amidst the COVID-19 pandemic, Zillow research shows.
The median price of sold homes in May was $263,408, up 4.6% year-on-year.
Developers around the country are grappling with the fallout from the coronavirus pandemic as tenants cancel plans and workers fear returning to the office.
The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest pace since September 2011.
The National Association of Home Builders/Wells Fargo Housing Market Index rose seven points to 37 this month after a record plunge in April.
As they gradually reopen, US shopping malls are requiring masks and implementing social distancing policies in hopes of convincing customers that they can shop safely in the coronavirus era.
This week’s properties include a four-bedroom in Irvington, N.Y., and a six-bedroom in Monroe, Conn.
The Federal Reserve on Thursday announced fresh measures to support businesses hurt by the novel coronavirus disruption but failed to launch a funding facility for mortgage servicers despite intense industry lobbying in recent days.
Leasing volume slid to 1.16 million square feet last month from 2.1 million square feet in February, brokerage Colliers International Group Inc said.
Last year, the number of transactions across the city fell by about a third. Here’s a look inside the numbers.
The proportion of homes sold about the list price fell to a three-year low of 19.9% in 2019, suggesting last year was a less competitive one for buyers.
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