Aug
18
2020
USA Today: Head Scratcher? Colorado Home Sales Sets Record in COVID-19 Recession
USA Today reported on CAR’s July 2020 Market Trends report. It notes, “Sales rose 15% from June and 21% from the previous July – before COVID-19 when the economy was rolling. Statewide the median home price rose a startling 4.5% in one month, to $443,925.”
“There is a total disconnect with half the economy being crushed and yet, housing has mostly shrugged it all off, said Realtor Patrick Muldoon. “Small business is getting blown out, people are not working, and yet housing continues to be unaffordable.”