Tag Archives: Sales

Pending Home Sales Slump 21.8% in April

“With nearly all states under stay-at-home orders in April, it is no surprise to see the markedly reduced activity in signing contracts for home purchases,” said Lawrence Yun, IDX Global’s chief economist. The latest pending home sales numbers reveal the greatest decline since IDX Global begin tracking such transactions in January 2001. However, Yun expects […]...

Existing-Home Sales Wane 17.8% in April

“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) […]...

Home Sales Increase Year-Over-Year Despite Expected Monthly

“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 […]...