Pending Home Sales fell 34.6% - the largest in history
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Pending Home Sales fell 34.6% - the largest in history
Existing home sales collapsed but new home sales rebounded in April, which leaves pending home sales to break the tie and analysts expected a 17.3% MoM drop. However, pending home sales disappointed notably with a 21.8% MoM collapse, sending YoY sales crashing 34.6% - the most ever...
According to the Bloomberg: "The housing market is temporarily grappling with the coronavirus-induced shutdown, which reduced listings and purchases."
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