Realtor.com COVID-19 Housing Market Update - 12/3/21

This week, Manager of Economic Research George Ratiu talks about a wealth of new data highlighting continued developments in the economy and real estate markets. He starts with the Federal Reserve Beige Book showing solid economic gains and strong inflation, which may prompt the central bank to shift its monetary policy sooner than planned. Higher prices for most consumer goods are denting consumer confidence.

George also covers the ISM manufacturing index which posted its 18th consecutive month of gain. He discusses the November payroll employment and welcome decline in the unemployment rate. These figures were complemented by the weekly jobless claims, which have reached pre-pandemic levels.

On the real estate topic, George talks about mortgage rates and rebounding contract signings. He talks about the Realtor.com November inventory report, which shows tight inventory and brisk activity. He also discusses the Realtor.com rent report, and closes the update with the Realtor.com 2022 economic & housing forecast report, which projects a whirlwind year, with a growing economy and dynamic real estate markets.

0:20 - Overall economic trends
0:50 - Consumer confidence index
1:02 - ISM Purchasing Managers Index
1:19 - Labor statistics - unemployment rate, hourly earnings
1:41 - Mortgage rates
1:53 - Pending Home Sales Index
2:00 - Real estate inventory
2:14 - Rental report

More COVID-19 Weekly Housing Market Updates: https://www.youtube.com/playlist?list=PLmlKLrMX62MaN_8ny9hJdpyVoDfUDNjM8

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Learn More about the home buying process: "Home Buying 101: How Do I Get Started?"
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Видео Realtor.com COVID-19 Housing Market Update - 12/3/21 канала Realtor.com