Housing inventory

Tight inventory is expected to drive home prices higher over the summer, according to First American.

New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy.

While the COVID-19 pandemic has hammered other areas of the Albuquerque, N.M., economy, it's becoming clear that it hasn't stopped residential real estate momentum.

The returns on investment for homes sold in the second quarter of 2020 reached the highest level since the housing bubble collapsed, according to Attom Data Solutions.

The new normal created by the events so far in 2020 could make this the best year ever for lenders.

Sales of previously owned homes rose in June for the first time in four months as the economy reopened more broadly from coronavirus-related shutdowns and buyers took advantage of record-low mortgage rates.

Despite concerns with the COVID-19 pandemic, the area real estate market saw activity in June that was consistent with June 2019.

After taking a deep dive in March and April due to the pandemic, housing sales throughout the Twin Cities rebounded in May, coming back strong to even make up lost ground.

Home construction starts rose 17% in June, with builders ramping up production as lockdowns eased.

The surge of COVID-19 cases in much of the nation put a hold on reopening the economy, adding risk to the housing market, First American said.