Realtor- Big Block Realty

The jobless claims numbers are under 1 million for the first time since mid March 2020!

This is great news for housing. This is the largest one-month jump in the history of the survey, which dates to 2001. It beat expectations of a 15% gain!

I would expect the March 2020 sales numbers would be lower. However the February 2020 home sales numbers were very good. Housing, just like most other industries, suffered from the coronavirus crisis, but once this predicament is behind us and the habit of social distancing is respected, I’m encouraged there will be continued home transactions though with more virtual tours, electronic signatures, and external home appraisals, Yun said. Many of the home sales that are likely to be missed during the first part of 2020 may simply be pushed into late summer and autumn parts of the year.