SCR News Feed

Instant Reaction: Jobs, August 7, 2020 Jobs are coming back, with 1.8 million net new additions in July, a total of 9.3 million over the past three months as the economy has reopened. By:  Lawrence Yun Powered by WPeMatico

Lowest Level of Layoffs Since the Pandemic Started Layoffs fell to 1.2 million last week, the lowest level since the pandemic started, and a decrease of 249,000 from the previous week's revised... By:  Nadia Evangelou Powered by WPeMatico

Foreign Purchases Declined April 2019 – March 2020 Foreign buyers pulled back for the second year, purchasing 5% less in U.S. existing homes compared to the previous 12-month period. By:  Scholastica (Gay) Cororaton Powered by WPeMatico

Instant Reaction: Interest Rates Interest rates dipped 11 basis points to 2.88% on a 30-year fixed-rate mortgage, continuing to hover at record-low levels. By:  Nadia Evangelou Powered by WPeMatico

Economist Outlook: Land Market Outlook in 2020 Q3 REALTORS® expect to have more sales transactions in residential and industrial land sales in the third quarter. By:  Scholastica (Gay) Cororaton Powered by WPeMatico

Home Sells in a Mere 12 Hours After Remote Staging Home stager Francesca Mahoney was able to transform a space without ever stepping foot inside. By:  Melissa Dittmann Tracey Working With Sellers, Staging, Using Digital Video as a Marketing Tool Powered by WPeMatico

Credit/Debit Card Spending Picking Up The U.S. Census Bureau reported that personal consumption spending in Q2 2020 fell by nearly 35% on a seasonally adjusted annual rate. By:  Scholastica (Gay) Cororaton Powered by WPeMatico

June 2020 Pending Home Sales June’s pending home sales pace increased 16.6% last month and rose 6.3% from a year ago. By:  Michael Hyman Powered by WPeMatico

New Unemployment Claims Increased to 1.4 M Last Week Layoffs are still happening with 1.4 million new filers for unemployment insurance, a slight increase of 12,000 from the prior week. By:  Nadia Evangelou Powered by WPeMatico