Homes Are Still Selling Like It’s Summer Across Much of the U.S.
• Low mortgage rates, tight supply are fueling market this fall
• Affordable areas like Kansas City, Cincinnati moving fastest
October 28, 2020 | Noah Buhayar | Bloomberg
It’s the end of October, but the U.S. housing market is acting like it’s June.
Spurred on by historically low mortgage rates, buyers are racing to snap up homes, defying seasonal norms even as Covid-19 infections surge in some states. Average listing times are down, and prices in a handful of metropolitan areas are up more than 20% from last year.
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