Existing-home sales dropped in April, continuing what is now a two-month skid in sales brought on by the coronavirus pandemic, according to the National Association of Realtors (NAR).
April’s existing-home sales are the lowest level of sales since July 2010 and the largest month-over-month drop since July 2010.
Read on for NAR Chief Economist Lawrence Yun’s thoughts on what needs to turn around to stop the damage from the economic lockdowns.
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