Housing Market: Demand, Inventory, Sales All Down - Prices Still Rising

Published: May 8, 2020, 1:48 a.m.

b'We\\u2019re in the midst of severe economic shock right now. There are over 30 million job losses in one month, closed businesses, and a 4.8% drop in the GDP, but somehow home prices are rising in some places. That may be a disappointment for homebuyers and real estate investors looking for a deal, although some researchers see lower prices in the coming months. \\xa0 Home prices dropped dramatically during the housing crisis ten to twelve years ago, but that\\u2019s not what\\u2019s happening this time around so far. As the Wall Street Journal points out, we\\u2019ve been dealing with a tight inventory for years and, right now, supply has gotten even tighter because sellers don\\u2019t want to list their homes and because many builders have put things on pause. \\xa0 www.NewsForInvestors.com'