Homebuying Demand Rebound Amid Coronavirus Recession Highlights Wealth Divide

Cities such as Seattle and San Francisco that are flush with high-tech jobs and relatively lower unemployment rates are also seeing a strong recovery. Redfin’s homebuyer demand has bounced back to over 35% above its pre-coronavirus levels in both of these tech towns.

“The market doesn’t feel like it’s skipped a beat to me,” said Seattle area Redfin agent David Hokenson. “There were just a few weeks where the market stalled and people were scared, but now it’s already back to normal.”

It’s exhausting how every headline needs to be about inequality and race now.

Overuse and repetition words like “income inequality” and “wealth divide” has risk of making these words loose the sensationalist effect. Familiarity breeds contempt.