Sales of previously owned homes plunged in April, as the coronavirus pandemic shut down much of the country’s economic activity and sellers and buyers stayed on the sidelines.
Existing-home sales dropped 17.8% in April, the biggest monthly decline since July 2010, at a seasonally adjusted annual rate of 4.33 million, the National Association of Realtors said Thursday. Previously owned homes make up most of the housing market.
Economists…
