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Newbie property buyer activity reduced in Q2, however there’…

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Newbie property buyer activity reduced in Q2, however there's still lots of purchasers out there
“The COVID-19 pandemic pressed the U.S. economy into the sharpest economic downturn on record in March,” Tian Liu, Genworth's primary financial expert stated. “The real estate market likewise started remedying in April, resulting in an 18% reduction in the number of novice property buyers in the 2nd quarter compared to the very first quarter. In 35 states and Puerto Rico, there were less novice property buyers in the 2nd quarter of 2020 than the 2nd quarter of the previous year.

“The COVID-19 pandemic pressed the U.S. economy into the sharpest economic downturn on record in March,” Tian Liu, Genworth's primary financial expert stated. “The real estate market likewise started remedying in April, resulting in an 18% reduction in the number of novice property buyers in the 2nd quarter compared to the very first quarter. In 35 states and Puerto Rico, there were less newbie property buyers in the 2nd quarter of 2020 than the 2nd quarter of the previous year.

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