It’s been six months since lockdown and domestic harmony is hanging by a thread because my kids can no longer agree on a movie. Six months ago, the list seemed endless. But after exhausting the Monty Python canon, Airplane, and Fletch, I led them astray with films they found too slow (Rushmore) or obscure (The Coca-Cola Kid) and lost all cinematic credibility. Now Leo and Zev want action movies or comedies while 11-year-old Hal insists on Muppets or anime. So our pandemic film festival is approaching a shabby final gala.
When he’s not reading comics or cracking corny jokes, Hal tends to focus on food. One boring Covid day he passed me a post-it note that read: “Brazil nuts bug me.” Why was he was thinking about Brazil nuts? His response: “Why are you not thinking about Brazil nuts?” Then there was the time we miraculously agreed to watch Top
Lower inventory means higher prices for buyers, and less selection.
Mortgage rates are historically low this year — but so is housing inventory. In June 2020, there were 18.2% fewer homes available for purchase than there were in June 2019. And the number of home sales in June 2020 was 11.3% lower than it was the year before, according to new research by The Ascent into average house prices by state. This is actually very bad news for buyers for a number of reasons.
Why declining home sales spell trouble for buyers
You’d think that a drop in home sales might work to the advantage of home buyers. After all, low sales volume would seem to indicate, at least at first glance, that buyers aren’t biting. In this case, sellers might be desperate enough to lower their asking prices.
But when we dig deeper, that’s not what’s happening here at
People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic.
Wang Ying | Xinhua News Agency | Getty Images
As some Americans flee cities and move into suburban or rural areas during the coronavirus pandemic, some analysts are predicting home projects and repairs will shift from a pandemic-induced trend to long-term habit.
That could add up to more sales for Home Depot, Lowe’s and other retailers with wide variety of home improvement items, from paint and tools to kitchen appliances, according to a Wells Fargo Securities research note. Those retailers have already seen strong sales and growing profits during the pandemic, as Americans spend more time in their homes and spend