-
Pending home sales spike a record 44.3% in May, as homebuyers rush back into the market
Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That is the largest one-month jump in the history of the survey, which dates back to 2001. It beat expectations of a 15% gain. Sales were still 5.1% lower compared with May 2019, however. Pending sales measure signed contracts on existing homes, so it shows that buyers were out shopping during the month of May. Sales had fallen 22% for the month in April, as the economy shut down to slow the spread of the coronavirus. “This has been a spectacular recovery for contract signings, and goes to show ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 29, 2020 10:58am Jun 29, 2020 10:58am
- BaliBoyz80
- | Joined Mar 2020 | Status: Member | 783 Comments
- Comment #2
- Quote
- Jun 29, 2020 12:27pm Jun 29, 2020 12:27pm
- OutThere
- Joined Aug 2018 | Status: Member | 911 Comments
- Comment #3
- Quote
- Jun 29, 2020 12:49pm Jun 29, 2020 12:49pm
- The Fool
- Joined Apr 2009 | Status: Live and learn. | 1457 Comments
"If The Fool persists in his Folly he will become wise." - William Blake
- Comment #4
- Quote
- Jun 30, 2020 12:47am Jun 30, 2020 12:47am
- here2there
- Joined Dec 2019 | Status: still here | 593 Comments
You don't know because you don't ask.