[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f37je48fgeze5h":3,"$ffeh0925h8cuz":38,"$f2emv3tus0uf1":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":26,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":24,"updatedAt":25},1679,"experts-weigh-in-on-the-remarkable-strength-of-the-housing-market","Experts Weigh-In on the Remarkable Strength of the Housing Market","America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F07\u002F30135735\u002F20200803-KCM-Share.jpg","America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways.\u003C!--more-->\r\n\r\nEven with all of that uncertainty, the residential real estate market continues to show great resilience. Here’s a look at what the experts have said about the housing market over the past few weeks.\r\n\r\n\u003Ca href=\"https:\u002F\u002Fwww.zelmanassociates.com\u002F\">Ivy Zelman, CEO of Zelman & Associates\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Whether in terms of pending contract activity or our proprietary buyer demand ratings, the various measures of demand captured in this month’s survey \u003Cstrong>can only be described as shockingly strong\u003C\u002Fstrong>, in spite of the resurgence in COVID-19 cases.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Fwww.housingwire.com\u002Farticles\u002Fcould-2020-somehow-see-year-over-year-growth-in-home-sales\u002F\">Logan Mohtashami, Lead Housing Analyst at HousingWire\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Existing home sales are still down year over year by 11.3%, but \u003Cstrong>as crazy as this might sound, we have a shot at getting positive year-over-year growth\u003C\u002Fstrong>…We may see an existing home sales print of 5,510,000 in 2020.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Fthemreport.com\u002Fdaily-dose\u002F07-28-2020\u002Fhome-price-increases-decelerate\">Matthew Speakman, Zillow Economist\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“In a remarkable show of resilience, the housing market has \u003Cstrong>stared the pandemic right in the eye and hasn’t blinked\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Fwww.attomdata.com\u002Fnews\u002Fmarket-trends\u002Fhome-sales-prices\u002Fattom-data-solutions-q2-2020-u-s-home-sales-report\u002F\">Todd Teta, Chief Product Officer for ATTOM Data Solutions\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“The housing market across the United States \u003Cstrong>pulled something of a high-wire act in the second quarter\u003C\u002Fstrong>, surging forward despite the encroaching economic headwinds resulting from the Coronavirus pandemic.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fnews\u002Ftrends\u002Fhousing-market-rebounds\u002F\">Ali Wolf, Chief Economist of Meyers Research\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“The housing recovery \u003Cstrong>has been nothing short of remarkable\u003C\u002Fstrong>. The expectation was that housing would be crushed. It was—for about two months—and then it came roaring back.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fnews\u002Ftrends\u002Fhousing-market-rebounds\u002F\">Clare Trapasso, Senior News Editor of realtor.com\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Despite the crippling and ongoing coronavirus pandemic, millions out of work, a recession, a national reckoning over systemic racism, and a highly contentious presidential election just around the corner, \u003Cstrong>the residential real estate market is staging an astonishing rebound\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Fthemreport.com\u002Fdaily-dose\u002F07-28-2020\u002Fhome-price-increases-decelerate\">Bill Banfield, EVP of Capital Markets at Quicken Loans\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“The pandemic \u003Cstrong>has not stopped the consistent home price growth\u003C\u002Fstrong> we have witnessed in recent years.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fportal\u002Fresearch-insights\u002Fforecast\u002Fmonthly\u002Feconomic-developments\u002Fjuly-2020.html\">Economic & Strategic Research Group at Fannie Mae\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>Recent home purchase measures have continued to show remarkable strength\u003C\u002Fstrong>, leading us to \u003Cstrong>revise upward\u003C\u002Fstrong> our home sales forecast, particularly over the third quarter. Similarly, we bumped up our expectations for home price growth and purchase mortgage originations.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Fwww.forbes.com\u002Fsites\u002Fdimawilliams\u002F2020\u002F07\u002F10\u002Fis-it-going-to-get-better-before-it-gets-worse-five-experts-share-predictions-for-the-us-housing-market-in-the-second-half-of-2020\u002F#31b6529b7026\">Mark Fleming, Chief Economist at First American\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“It seems hard to deny that when one looks at many of the housing market statistics, \u003Cstrong>a “V” shape is quite apparent\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThe experts seem to agree that residential real estate is doing remarkably well. If you’re thinking of jumping into the housing market (whether buying or selling), this may be the perfect time.","\r\nThe experts seem to agree that residential real estate is doing remarkably well. If you’re thinking of jumping into the housing market (whether buying or selling), this may be the perfect time.",false,[16,20],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers","2020-08-03T10:00:06Z","2020-08-03T22:36:08Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},1678,"where-is-the-housing-market-headed-for-the-rest-of-2020-infographic","Where Is the Housing Market Headed for the Rest of 2020? 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