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Saturday, December 5, 2020
How Recent Political Changes Will Impact Your Bottom Line
Real Estate Pending home sales plunged 21.8% in April on a monthly basis

Pending home sales plunged 21.8% in April on a monthly basis

Other News

Texas may receive enough coronavirus vaccine doses for 700,000 people in December, Gov. Greg Abbott says

Texas could receive coronavirus vaccine doses to immunize up to 700,000 Texans in December, assuming U.S. health officials approve coronavirus vaccine candidates from drugmakers...

As virus cases surge, elected officials resist restrictions

By MICHELLE R. SMITH, CARLA K. JOHNSON and LISA MARIE PANE Associated Press PROVIDENCE, R.I. (AP) — With the coronavirus coming back with a vengeance...

Fever, symptom screening misses many coronavirus cases

By MARILYNN MARCHIONE AP Chief Medical Writer Temperature and COVID-19 symptom checks like the ones used at schools and doctor's offices have again proved inadequate...

US economy grew at 33% rate in Q3 but recovery is incomplete

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The U.S. economy grew at a record 33.1% annual rate in the July-September quarter but has...

By JOSH BOAK AP Economics Writer

BALTIMORE (AP) — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak.

The National Association of Realtors said Thursday that its pending home sales index plunged 21.8% from the prior month to a level of 69, the largest decline registered in data going back to 2001. Pending home sales have fallen 33.8% from a year ago. The index is a barometer of sales over the next two months when the transactions are completed.

There are signs that home sales have reached a trough and could rebound. Low mortgage rates have supported buyer demand, such that the government’s report of new-home sales showed a slight increase in purchases last month.

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