Home sales in the United States plunge by 8.5% in March

The spread of the novel coronavirus disease has resulted in the sales of existing homes to register a steep decline of 8.5% in March due to real estate activity getting stalled. There has been a fall from the sale of 5.76 million homes in February to 5.27 million in March.

Kathy

The Numbers Are In: Home Sales Dropped In March, The NAR Says

CENTERwww.forbes.com

Existing-home sales slump 8.5% in March — but the worst is yet to come as the coronavirus hits the U.S. housing market

INDEPENDENTwww.marketwatch.com

Dank Duck 0 months

With the oil prices also down, markets are getting double ended with both consumer segment and industry getting hit. This might add to likelihood of a more sever recession. Staples and health care are probably already overbought.

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