3 August 2020<\/em> – America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation\u2019s history all continue to test this country in unimaginable ways.<\/p>\n\n\n\n Even with all of that uncertainty, the residential real estate market continues to show great resilience. Here\u2019s a look at what the experts have said about the housing market over the past few weeks.<\/p>\n\n\n\n Logan Mohtashami, Lead Housing Analyst at HousingWire<\/a>:<\/p>\n\n\n\n \u201cExisting home sales are still down year over year by 11.3%, but as crazy as this might sound, we have a shot at getting positive year-over-year growth<\/strong>\u2026We may see an existing home sales print of 5,510,000 in 2020.\u201d<\/em><\/p><\/blockquote>\n\n\n\n Matthew Speakman, Zillow Economist<\/a>:<\/p>\n\n\n\n \u201cIn a remarkable show of resilience, the housing market has stared the pandemic right in the eye and hasn\u2019t blinked<\/strong>.\u201d<\/em><\/p><\/blockquote>\n\n\n\n Todd Teta, Chief Product Officer for ATTOM Data Solutions<\/a>:<\/p>\n\n\n\n \u201cThe housing market across the United States pulled something of a high-wire act in the second quarter<\/strong>, surging forward despite the encroaching economic headwinds resulting from the Coronavirus pandemic.\u201d<\/em><\/p><\/blockquote>\n\n\n\n Ali Wolf, Chief Economist of Meyers Research<\/a>:<\/p>\n\n\n\n \u201cThe housing recovery has been nothing short of remarkable<\/strong>. The expectation was that housing would be crushed. It was\u2014for about two months\u2014and then it came roaring back.\u201d<\/em><\/p><\/blockquote>\n\n\n\n Clare Trapasso, Senior News Editor of realtor.com<\/a>:<\/p>\n\n\n\n \u201cDespite the crippling and ongoing coronavirus pandemic, millions out of work, a recession, a national reckoning over systemic racism, and a highly contentious presidential election just around the corner, the residential real estate market is staging an astonishing rebound<\/strong>.\u201d<\/em><\/p><\/blockquote>\n\n\n\n Bill Banfield, EVP of Capital Markets at Quicken Loans<\/a>:<\/p>\n\n\n\n \u201cThe pandemic has not stopped the consistent home price growth<\/strong> we have witnessed in recent years.\u201d<\/em><\/p><\/blockquote>\n\n\n\n