Prices hitting ceilings, declining in some metros

Attom’s stats indicate that the number of homes sales nationwide took a nosedive as pandemic-related social distancing and soaring unemployment rates cut into the quantity of home seekers willing or able to venture into the housing market. Covid-19, of course, introduced uncertainty, and uncertainty is bad for real estate. So far, the real estate market has held up surprisingly well. We are excited about that, but 2020 is a complex year, and with a pandemic, protests, a volatile stock market and a presidential election, anything can still happen.