“The economic lockdowns – occurring from mid-March through April in most states – have temporarily disrupted home sales,” said Lawrence Yun, IDX Global’s chief economist. “But the listings that are on the market are still attracting buyers and boosting home prices.” April’s existing-home sales are the lowest level of sales since July 2010 (3.45 million) […]
“Unfortunately, we knew home sales would wane in March due to the coronavirus outbreak,” said Lawrence Yun, IDX Global’s chief economist. “More temporary interruptions to home sales should be expected in the next couple of months, though home prices will still likely rise.” While sales have declined, home prices are still solidly strong. The median […]