Data

Commentary on the report called the increase a “spectacular recovery” and a testament to desire of the American consumer.

Also coming in The Week Ahead, CoreLogic will release its latest Case-Shiller Index, the Census Bureau will reveal its construction spending report, and the House Financial Services Committee will hold a hearing with the Federal Reserve on its response to COVID-19.

Insight on the report said the latest numbers represent a “win-win situation” for both buyers and seller.

Having already taken drastic actions to push mortgage rates low, it is unlikely the Federal Reserve will push rates lower this year.

A new report found the average house sold just over 20 days. How does that compare to recent data?

Analysis of the report said projections of a recovering home sales “may prove a false dawn.”

Are historically low rates enough to continue the recent surge in applications?

Responding to claims by the House Financial Services Committee, the Department said the policy has been the same over the past three administrations.

FHFA reports values rose more than 5% annually in April. Click through to read more.

While 17% of homeowners say they plan to move by the end of the year, a growing number cite health concerns for decided not to move.