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: National Association of Realtors
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 Pending Home Sales Tumble by Nearly 21%
As expected, March pending home sales fell as the early effects of the coronavirus pandemic took hold, the National Association of Realtors reported yesterday.
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.
February Pending Homes Sales Up 2.4%
Pending home sales rose for the second straight month in February—perhaps one last lagging indicator before the coronavirus fallout—the National Association of Realtors reported yesterday.
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.
Sens. Cramer, Warner Introduce Federal Remote Online Notarizations Bill
Sens. Kevin Kramer, R-N.D., and Mark Warner, D-Va., yesterday introduced legislation that would allow immediate nationwide use of Remote Online Notarizations, a step long-advocated by the Mortgage Bankers Association and the American Land Title Association.
Pending Home Sales Start Year on Strong Note
Pending home sales rebounded in January following a decline in December, the National Association of Realtors reported yesterday.
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.”
MBA Chart of the Week: Home Sales and Inventory for Sale
This week’s chart highlights longer-term trends in home sales and inventory of homes on the market.