Intertwined Forces Driving Housing Market Crazy

The housing market is crazy!  More than one industry professional has reached that conclusion, watching trends that seem inconsistent, if not contradictory. 

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It’s not surprising that reports of the impressive – actually, astounding – increase in the nation’s third quarter growth rate were drowned out by the pre-and post-election noise. 

The COVID pandemic has created a cluttered and confusing financial landscape.  It’s hard to know where to look or how to interpret what you see.  Consider the housing market.

If home sales alone were an indicator of economic health, you might conclude that the economy has rebounded smartly from the pandemic-induced recession and is on a path for steady growth. 

If timing is everything, the June employment report is a lot less encouraging than it appeared to be.