Surprise Me!

The Pandemic Hasn't Just Led To Runs On Toilet Paper--Here's What Else Is In Short Supply

2020-09-27 65 Dailymotion

The COVID-19 pandemic hasn't just driven Americans to panic-buy toilet paper. Business Insider reports the hottest pandemic purchase of 2020 is a house.<br />More and more Americans are snagging low mortgage rates to acquire spacious backyards and more comfortable work-from-home locales.<br />Existing home sales soared to a 14-year high in August, and new home sales are also up.<br />Home prices are soaring, too, recording the highest two-month appreciation between May and July — at 2% — in 30 years of record-keeping.<br />Existing homeowners are holding off on selling. In fact, there are 20% fewer houses for sale now than there were at this time last year.<br />Uncertainty about employment and the economy is being exacerbated by the US' failure to keep up with home building needs over the past decade.

Buy Now on CodeCanyon