New Index Reveals Impact of COVID-19 on Real Estate
Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: 1. Housing Demand – Growth in online search activity 2. Home Price – Growth in asking prices 3. Housing Supply – Growth of new listings 4. Pace of Sales – Difference in time-on-