This month, we take a look at the ways in which the U.S. housing market has behaved during the pandemic. We do so by examining the Case-Shiller 20-City Composite Index, which tracks property values across 20 different cities and indicates the health of the overall economy.
As of December 7, many counties in California have once again implemented stay-at-home orders due to COVID-19, and the United States as a whole is seeing new peaks every day. Even amidst this uncertainty, demand for homes has never been higher. Mortgage rates continue at all-time lows, and buyers are devoting more of their total spending to housing costs.
As we make our way through the holiday months, we continue to provide you with the most up-to-date market information so that you feel supported and informed in your buying and selling decisions.