According to a recent article published by CNBC, there are 5 charts to help track the U.S. economy as states start reopening:
- Requests for Directions on Apple Maps
- Restaurant Bookings on OpenTable
- Hotel Occupancy Rate
- Travelers Passing through TSA Checkpoints (Air travel)
- Mortgage Applications for Purchasing a Single Family Home
All show drastic drops as everyone went into lock down at the start of April. But since May, each has started to trend upward – modestly, but still positive.
However, the data is showing that home purchase are actually up 10% over the same period last year. This seems to indicate that the residential real estate market could experience a quick recovery.