Pending homes sales plunge 20.8% in March

  • The number of new home contracts plunged sharply because of the coronavirus outbreak.
  • The National Association of Realtors said its pending home sales index plummeted a seasonally adjusted 20.8% in March from the prior month to a reading of 88.2.
  • It is the lowest level since May 2011. Pending sales have fallen 16.3% from a year ago.

Source: Fox News