Existing-Home Sales Drop 9.7% In May, Possible Rebound In Sight

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The National Association of Realtors reported a 9.7% drop in existing-home sales in May 2020 and a year-over-year decline of 26.6%, however, there could be hope on the horizon.

The National Association of Realtors reported a 9.7% drop in existing-home sales in May 2020 and a year-over-year decline of 26.6%, however, there could be hope on the horizon.

The COVID-19 pandemic has contributed to a three-month decline in sales, with each of the four regions seeing month-over-month and year-over-year sales declines. The report revealed that the Northeast is struggling the most as it has seen the largest month-over-month decline of all four regions

Click here to read more from the NAR.

This article originally appeared in the National Mortgage Professional print magazine.

 : 
Written by 
Navi Persaud
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Existing-Home Sales Drop 9.7% In May, Possible Rebound In Sight
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Existing-Home Sales Drop 9.7% In May, Possible Rebound In Sight

June 22, 2020
by
Navi Persaud

The National Association of Realtors reported a 9.7% drop in existing-home sales in May 2020 and a year-over-year decline of 26.6%, however, there could be hope on the horizon.

The COVID-19 pandemic has contributed to a three-month decline in sales, with each of the four regions seeing month-over-month and year-over-year sales declines. The report revealed that the Northeast is struggling the most as it has seen the largest month-over-month decline of all four regions

Click here to read more from the NAR.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com

These articles are powered by National Mortgage Professional

Existing-Home Sales Drop 9.7% In May, Possible Rebound In Sight
June 22, 2020 3:36 PM
by
Navi Persaud
News

The National Association of Realtors reported a 9.7% drop in existing-home sales in May 2020 and a year-over-year decline of 26.6%, however, there could be hope on the horizon.

The COVID-19 pandemic has contributed to a three-month decline in sales, with each of the four regions seeing month-over-month and year-over-year sales declines. The report revealed that the Northeast is struggling the most as it has seen the largest month-over-month decline of all four regions

Click here to read more from the NAR.

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