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.

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.

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.

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.