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Tuesday, June 23, 2020

Home Sales Plunged 9.7% in May as Coronavirus Lockdowns Kept Americans Indoors

Sales of previously owned homes fell 9.7 percent in May compared April, the third monthly decline, the National Association of Realtors said Monday.

Existing home sales are counted at the time of closings. So these would have been based on contacts signed in March and April, when most of the country was under instructions to stay at home and real estate showings were off-limits in many areas.

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3 comments:

Anonymous said...

Eh, you think it was people staying indoors or 40 million people losing jobs in March and April.

Local patriot said...

Actually that isn't much all things considered

Anonymous said...

523 - shut your mouth....that was erased from the script on its first cut!

(snicker snicker)