Realtor.com COVID-19 Housing Market Update

In the following video, from the Realtor.com YouTube channel, Senior Economist George Ratiu offers highlights on new positive signs on the economic front.

He talks about the Institute for Supply Management's manufacturing and services indices, and the rise in motor vehicle sales. He also mentions the gains in durable goods orders. George covers the decline in this week's jobless claims, the flat January payroll employment employment numbers and the slide in the unemployment rate.

George discusses the latest on the real estate front, covering construction spending and the homeownership rate. He also talks about the latest realtor.com weekly data (published by Danielle Hale), as well as the Housing Market Recovery Index (with insights from Javier Vivas). He touches on this week's mortgage rates, along with the slide in applications.

And he wraps up with the recent realtor.com research on first-time homebuyers.