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First-time Buyer Share Declines to 31% in September 2020 But Still Hits 2 Million

Amid more intense buyer competition, rising prices, and higher credit qualifications, the share of first-time buyers continued to decline to 31% in September. www.nar.realtor – Research

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Existing-Home Sales Soar 9.4% to 6.5 Million in September

Existing-Home Sales Soar to 9.4% in September Each of the four major regions experienced both month-over-month and year-over-year growth. Media Contact:  Quintin Simmons 202-383-1178

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Layoffs declined slightly to 1 million last week

A drop in claims for unemployment checks implies that even with new layoffs there are job creations and people are able to come off unemployment. www.nar.realtor – Research

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