We're not even thinking about raising rates: Fed chair Powell

"We are not even thinking about, thinking about raising rates" 
(Federal Reserve Chairman Jerome Powell)
Video Discussion on The Fed's next move if the U.S. economy recovers better than expected:

Source:
https://youtu.be/iGRuY2XwK4k

Continued Onslaught of Mortgage Demand From Homebuyers (CNBC's Diana Olick)

Source::
https://www.cnbc.com/video/2020/06/10/purchase-mortgage-applications-rise-for-eighth-straight-week.html

Residential Housing Crisis Unlikely (Goldman Sachs Mike Swell on Bloomberg TV)

No Foreseen Housing Crisis Based on: 

• Job improvement, "true unemployment under 10%" 
• No "oversupply of housing inventory."
• Not having "too much leverage in the system" in regards to LTV, and interest only loans...

VIDEO:

Source:

https://www.bloomberg.com/news/videos/2020-06-08/housing-crisis-unlikely-as-long-as-jobs-improve-goldman-s-swell-says-video

Housing Cost and Income Changes

Full Article:

https://urbn.is/2XGxurg

Update: Existing and Pending Home Sales April 2020 (NAR).

• Significantly fewer transactions Nationwide due to certain states Covid virus regulations which hindered property showings. 
• Some sellers took their homes off the market and some are holding back until the Covid situation settles. 
• More For Sale inventory is needed, from sellers and builders, to satisfy the current demand. 
• "Prices rose to a record high"  +7.4% since last year  (98 straight months of year over year gains).
• Buyers are still "facing record low mortgage rates!"
• Mortgage applications are up. "shows buyers are ready!"