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bucolic_frolic

(43,064 posts) Thu May 28, 2020, 02:32 PM May 2020

6

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

5 replies

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Pending Home Sales Plummet 35% YoY - Biggest Drop Ever As Buyers Forfeit Deposits (Original Post) bucolic_frolic May 2020 OP

I imagine that people who have lost their jobs and can no longer qualify for mortgages might have alwaysinasnit May 2020 #1

Or even those who are afraid they'll lose their job. SharonAnn May 2020 #2

You're absolutely right. alwaysinasnit May 2020 #3

I almost purchased but backed out before contract stage I was seeing some signs that worried me Demovictory9 May 2020 #4

Definitely too much uncertainty now to take on such a huge responsibility. alwaysinasnit May 2020 #5

alwaysinasnit

(5,060 posts)

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

Reply to bucolic_frolic (Original post)

Thu May 28, 2020, 03:45 PM

May 2020

something to do with that drop.

SharonAnn

(13,771 posts)

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

Reply to alwaysinasnit (Reply #1)

Thu May 28, 2020, 11:47 PM

May 2020

alwaysinasnit

(5,060 posts)

3. You're absolutely right.

Reply to SharonAnn (Reply #2)

Fri May 29, 2020, 12:23 AM

May 2020

Demovictory9

(32,423 posts)

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

Reply to alwaysinasnit (Reply #1)

Fri May 29, 2020, 12:58 AM

May 2020

now sitting on the sidelines.

alwaysinasnit

(5,060 posts)

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

Reply to Demovictory9 (Reply #4)

Fri May 29, 2020, 01:32 AM

May 2020

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