With the housing market hobbled by Covid-19, pending home sales dropped nearly 21 percent in March, according to new data from the National Association of Realtors. Overall, NAR is forecasting a 39.5 percent drop in home sales during the second quarter, an “off-the-chart negative” decline, chief economist Lawrence Yun said. But the pain could be temporary, with the market returning to a new normal during the second half of 2020, Yun said. For the full
source https://therealdeal.com/2020/04/29/nar-predicts-home-sales-to-drop-10-in-2020/
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