The 2020 housing boom The 2020 housing boom https://stage-fii.federatedinvestors.com/static/images/fhi/fed-hermes-logo-amp.png https://stage-fii.federatedinvestors.com/daf\images\insights\infographic\keys-homeowner-small.jpg November 5 2020 November 5 2020

The 2020 housing boom

Low rates, strong demand and limited supply define a robust housing market.
Published November 5 2020
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Infographic published November 5, 2020. Title: Housing Market: Going Strong Low rates, strong demand and limited supply present powerful tailwinds. 2020 versus 2019. Average 30-year fixed mortgage APR in 2019 was 2.89 percent versus 3.91 percent in 2020. Existing home sales are up 21 percent in 2020 from 2019. New listings in 2020 are down 12 percent from 2019. Total housing inventory in 2020 is down 19 percent from 2019. Time on market is 11 days shorter in 2020 than 2019. Median listing price in 2020 is $311,800, up 15 percent from 2019. Information sources for this graphic included: Freddie Mac and the National Association of Realtors, 2020
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