V-shaped rebound in US housing could start a broader economic recovery

V-shaped rebound in US housing could start a broader economic recovery As states across the US reopen, there are signs of a rebound in housing demand that are encouraging and could lead a recovery in other parts of the economy, according to economists at ING. Read More Business Insider https://www.businessinsider.com/housing-market-v-shaped-rebound-us-could-start-economic-recovery-2020-6

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6/30: MetroIntelligence Economic Update by P. DUFFY

May pending home sales jump 44.3 percent, but down 5.1 percent year-on-year The Pending Home Sales Index rose 44.3 percent to 99.6 in May, chronicling the highest month-over-month gain in the index since NAR started this series in January 2001. Still, contract signings fell 5.1 percent year-on-year. An index of 100 is equal to the level of contract activity in 2001. https://www.nar.realtor/newsroom/pending-home-sales-notch-record-setting-44-3-monthly-increase-in-may   IMF lowers 2020 growth rate to -4.9 percent in June update Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020…

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Home design trends changing for social distancing

Home design trends changing for social distancing Experts are expecting to see lasting impacts on everything from the materials we use to the rooms we prioritize… Read More Winchester Star https://www.winchesterstar.com/home-design-trends-changing-for-social-distancing/article_117ffb1a-bc87-5c20-a1d6-bf564731fb2e.html

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