Real estate

A "sold" sign sits on a lot as new home construction continues in Westfield, Ind., Friday, Sept. 25, 2020. U.S. home construction rose a solid 1.9% in September after having fallen in August as home building remains one of the bright spots for the economy. (AP Photo/Michael Conroy)

A man wearing a face mask walks past an outdoor photography exhibition of healthcare workers in Melbourne, Tuesday, Sept. 22, 2020. The photo essay created by photographer Phoebe Powell is to acknowledge the people working in the Parkville Biomedical Precinct which is home to some of the world's leading medical researchers, clinicians and academics keeping Victoria state safe during the coronavirus pandemic. (James Ross/AAP Image via AP)

FILE - In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. JPMorgan Chase said Thursday, Oct. 8, 2020 it will extend billions in loans to Black and Latino homebuyers and small business owners in an expanded effort toward fixing what the bank calls “systemic racism” in the country’s economic system. (AP Photo/Richard Drew, File)

A for sale sign stands in front of a house, Tuesday, Oct. 6, 2020, in Westwood, Mass. U.S. long-term mortgage rates changed little this week, flattening in recent weeks following a year-long decline amid economic anxiety in the recession set off by the coronavirus pandemic. (AP Photo/Steven Senne)

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March. (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)

FILE - In this April 1, 2020 photo, a "For Sale" sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns. The Commerce Department reported Tuesday, Aug. 25, that July’s gain propelled sales of new homes to a seasonally-adjusted annual rate of 901,000. (AP Photo/Elaine Thompson, File)

Workers toil on a multifamily dwelling Tuesday, Aug. 4, 2020, in Winter Park, Colo. The Commerce Department reported Tuesday, Aug. 18, construction of new U.S. homes surged 22.6% last month as homebuilders continued to bounce back from the coronavirus pandemic. (AP Photo/David Zalubowski)

FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)