Existing home sales plunged in April, as much of the U.S. economy and housing market bore the brunt of the COVID-19 pandemic’s social distancing and closures. There was an 18 percent drop in the seasonally adjusted, annualized pace of home sales, the largest single month decline since July 2010.
Tag: Existing Home Sales
MBA Chart of the Week: Existing Home Sales and Inventory
Existing home sales plunged in April, as much of the U.S. economy and housing market bore the brunt of the COVID-19 pandemic’s social distancing and closures. There was an 18 percent drop in the seasonally adjusted, annualized pace of home sales, the largest single month decline since July 2010.
Homebuying Demand Higher Than Before Pandemic; New Home Share at 8-Year High
Amid some absolutely dreadful housing news lately, there are signs of resilience—and perhaps, the seeds of recovery.
April Existing Home Sales Continue Skid—But ‘Green Shoots’ Appear
Existing home sales plunged in April, the National Association of Realtors reported yesterday, continuing a two-month skid in sales brought on by the coronavirus pandemic to the lowest level in nearly 10 years.
March Existing Home Sales Fall—But Worst Is Yet to Come
After a promising start to the spring home-buying season, existing home sales tumbled in March to a nearly five-year low, the National Association of Realtors reported yesterday—and because of the coronavirus pandemic, the outlook for April isn’t any better.
Redfin: U.S. Housing Market ‘Reverses Course’
In little more than a month, the coronavirus pandemic sent the housing market from a promising spring to a national emergency, said Redfin, Seattle.
February Existing Home Sales Hit 13-Year High
Existing home sales rebounded in February to their highest level since Feb. 2007, the National Association of Realtors reported Friday.
January Existing Home Sales Down 1.3% But Longer-Term Outlook Promising
Existing home sales declined in January, continuing what the National Association of Realtors described as “a fluctuating pattern” of monthly increases and declines.”
Existing Home Sales Finish Year on More Solid Footing
Existing home sales bounced back in December after a slight drop in November as housing inventories fell to record lows, the National Association of Realtors said yesterday.
November Existing Home Sales Drop 1.7%
Existing home sales fell in November, the National Association of Realtors reported yesterday, putting a damper on what had otherwise been a strong month for housing market performance.