Today’s News Synopsis:

Real estate leaders speak out against racism.  Working from home could actually help start a housing boom in the suburbs and smaller cities.  Buyers and sellers are returning to the market according to a recent Zillow Weekly Market Report.

In The News:

MarketWatch – “Is this a good time to buy a home? Here’s what you need to know to score a deal” (6-1-2020)

“The coronavirus pandemic sent shock waves throughout the real-estate industry. But does that make now a good time to put in an offer on a property?.”

Zillow – “Zillow’s Weekly Market Report Shows Buyers and Sellers Returning” (6-1-2020)

“This week brought more evidence of buyers and sellers returning to the market as newly pending sales and new listings are up from the previous week.”

National Association of Realtors – “Sixty-Five Percent of Those Who Attended an Open House Within the Last Year Would Do So Now Without Hesitation” (6-1-2020)

“A majority of people – 65% – who attended an open house within the last year would do so now without hesitation, according to survey data released by the National Association of Realtors®.”

CNBC – “Five charts that track the U.S. economy as states reopen” (6-1-2020)

“As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history.”

Mortgage Professional America – “Here’s why the housing market will lead the post-COVID economic recovery” (6-1-2020)

“The housing market could lead US economic recovery after the COVID-19 pandemic abates, according to one expert.”

Mansion Global – “Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities” (6-1-2020)

“Online real-estate platforms are reporting increased buyer demand as remote-work culture spreads, but whether they will find sellers remains an open question.”

The Real Deal – “Offerpad debuts home-listing service” (6-1-2020)

“Offerpad on Monday launched a real estate solutions division that lets clients list their homes for sale with Offerpad employees and use its concierge services to get those homes ready for market, Inman reported.”

Inman – “Real estate leaders speak out against racism as protests grow nationwide” (6-1-2020)

“CEOs at Compass, Keller Williams, Redfin and Zillow, among others, detailed steps their companies are taking to address racism in the real estate industry and inside their offices.”