The Associated Press
WASHINGTON -- Existing home sales in the U.S. plunged 9.7% in May. The National Association of Realtors said Monday that the monthly decline pushed sales down to a seasonally adjusted annual rate of 3.91 million, the slowest pace since a home buyers tax credit expired in October 2010. Sales fell in all regions of the country, with the biggest decline coming in the Northeast where virus infections were especially heavy.
Sales of both existing and new homes have fallen sharply during the spring sales season as the housing market was hurt by the shutdowns put into effect to help contain the spread of the virus.
Lie
Money is tight and nobody wants to buy a pre-owned strangers house during a pandemic
Milk with honey and fruits with tea and sugar are antivirals.
Great time to buy certain shares though.
Bullshit. Homes are selling like hot cakes and prices are at ATH all over the country
Likely true in most of the country, but it is a seller's market in Tucson.
ok cool what about jimmykimmel What are you doing about him
Not to the NYC suburbs. Houses barely last a week. Everyone wants out of the city.
Combo of employment and fear of entering someone’s house
Having lost a job which will pay people for everything, people have little money to buy essentials, say nothing about purchasing a house. The Americans don't have the same habit as people in other nations in saving money for the future. Instead, Americans like to use credit.
People are nesting
Per CNBC: 'Sales were down 26.6% annually.' One can hope for a V
Th pandemics will recur as long as people do not strengthen their immunity - naturally - as adapted to nature in millions of years. Can people learn?
TrumpCrimeSyndicate is Manipulating the Stock Market, DOW Jones to give investors a false sense of hope. We're in a Global Mess. Soon, UN will Sanction US Human Rights Violatins. 2.2 million ppl sick and 120+ are DEAD mostly BLACK. PoliceBrutality Killing Blacks CNBC SMDH!
People are missing their mortgage payments. How are people expected to purchase a home?
pandemic* not the virus. The virus hasnt event TOUCHED 1% of the human population
Homeowners need the help of banks to refinance instantly interest rates roll back to 2.5%
This is actually good news.
housing market fuck that ppl are out of work jobs have been lost.
keep it goin! maybe one day my generation will be able to afford to own a house.
Yea, it's also all of these Joe Biden rallies that are hurting the housing market. Who wants to buy a house when these Joe Biden rioters are just going to burn it down?
Good for buyers I guess.
NYC hate crime. Homeless man attacked with a large firework. Reportedly transported to hospital with 2nd degree burns and both his eyes are permanently damaged
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: etnow - 🏆 696. / 51 Read more »
Source: seventeen - 🏆 412. / 53 Read more »