‘It was as if nothing happened’: June sees record number of homes under contract

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Kate Bradley
Kate Bradley
4 months ago

I’m not sure this is surprising. Folks are trying to sell their homes before the mortgage moratorium is up in September. That’s when we’ll really see the effects of the recession: home values dropping, foreclosures, auctions, etc. I would especially expect real estate agents to know this…

Rich Eyre
Rich Eyre
4 months ago

Kate is spot on! Taking those factors, toss in 11.2% unemployment, (higher than The Great Recession of 29’) 44 million out of work, service industry businesses (restaurants up to three a week locally in some cases) closing permanently a small bounce is only persons returning to those jobs lost due to Covid. There’s no economic recovery, we’re only on Rd. One, w a fall/winter Covid & flu blast to come.