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Thu May 28, 2020, 02:32 PM

Pending Home Sales Plummet 35% YoY - Biggest Drop Ever As Buyers Forfeit Deposits

Pending Home Sales Plummet 35% YoY - Biggest Drop Ever As Buyers Forfeit Deposits

Existing home sales collapsed but new home sales rebounded in April, which leaves pending home sales to break the tie and analysts expected a 17.3% MoM drop. However, pending home sales disappointed notably with a 21.8% MoM collapse, sending YoY sales crashing 34.6% - the most ever...

https://www.zerohedge.com/personal-finance/pending-home-sales-plummet-35-yoy-biggest-drop-ever

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Reply Pending Home Sales Plummet 35% YoY - Biggest Drop Ever As Buyers Forfeit Deposits (Original post)
bucolic_frolic May 28 OP
alwaysinasnit May 28 #1
SharonAnn May 28 #2
alwaysinasnit May 29 #3
Demovictory9 May 29 #4
alwaysinasnit May 29 #5

Response to bucolic_frolic (Original post)

Thu May 28, 2020, 03:45 PM

1. I imagine that people who have lost their jobs and can no longer qualify for mortgages might have

something to do with that drop.

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Response to alwaysinasnit (Reply #1)

Thu May 28, 2020, 11:47 PM

2. Or even those who are afraid they'll lose their job.

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Response to SharonAnn (Reply #2)

Fri May 29, 2020, 12:23 AM

3. You're absolutely right.

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Response to alwaysinasnit (Reply #1)

Fri May 29, 2020, 12:58 AM

4. I almost purchased but backed out before contract stage I was seeing some signs that worried me

now sitting on the sidelines.

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Response to Demovictory9 (Reply #4)

Fri May 29, 2020, 01:32 AM

5. Definitely too much uncertainty now to take on such a huge responsibility.

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