Real estate

FILE - This May 22, 2020 file photo shows a sold sign in front of a house in Brighton, N.Y. Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday, July 2 that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week’s 3.13%. (AP Photo/Ted Shaffrey, File)

FILE - In this June 20, 2018, file photo, an "Under Contract" sign is displayed in front of home for sale in Raymond, N.H. The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous month, as the impact of the coronavirus pandemic sidelined both buyers and sellers. The National Association of Realtors said Monday, June 29, 2020, that its index of pending sales rose to 99.6 in May, the highest month-over-month gain in the index since its inception in January 2001.(AP Photo/Charles Krupa, File)

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. Long-term U.S. mortgage were unchanged this week as the benchmark 30-year home loan remains at a its lowest rate in nearly 50 years. Mortgage buyer Freddie Mac reported Thursday, June 25, 2020 that the average rate on the key 30-year loan stood at 3.13%. (AP Photo/Steven Senne, File)

This April 16, 2020 photo shows a real estate company sign that marks a home for sale in Harmony, Pa. U.S. new home sales plunged 15.4% in March as the lockdowns that began in the middle of the month began to rattle the housing market. The Commerce Department reported Thursday, April 23, that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February. (AP Photo/Keith Srakocic)

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo March 13, 2020. Asian shares were mostly higher on Tuesday, June 23, 2020, tracking a late rally on Wall Street led by technology shares. (AP Photo/Eugene Hoshiko)

Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020. U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as the viral outbreak keeps more people at home. (AP Photo/Keith Srakocic)

FILE - In this Sept. 25, 2019 file photo, a sign promoting an open house sits atop a realty company's lawn sign in Brandon Miss. Long-term U.S. mortgage rates were mostly steady, Thursday, June 11, 2020, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reports that the average rate on the benchmark 30-year home loan edged up to 3.21% from 3.18% last week. .(AP Photo/Rogelio V. Solis, File)

FILE - In this April 2, 2020 file photo, roofers work on removing and placing new shingles in Warren, Mich. U.S. home-building activity collapsed in March as the coronavirus spread, with housing starts tumbling 22.3% from a month ago. The Commerce Department said Thursday, April 16, that ground breakings occurred last month at a seasonally adjusted annual rate of 1.2 million units, down from a 1.56 million pace in February. (AP Photo/Paul Sancya, File)

FILE - In this Sept. 25, 2019 file photo, a sign promoting an open house sits atop a realty company's lawn sign in Brandon Miss. Long-term U.S. mortgage rates were mostly steady, Thursday, June 11, 2020, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reports that the average rate on the benchmark 30-year home loan edged up to 3.21% from 3.18% last week. .(AP Photo/Rogelio V. Solis, File)