Update: Existing and Pending Home Sales April 2020 (NAR).

• Significantly fewer transactions Nationwide due to certain states Covid virus regulations which hindered property showings. 
• Some sellers took their homes off the market and some are holding back until the Covid situation settles. 
• More For Sale inventory is needed, from sellers and builders, to satisfy the current demand. 
• "Prices rose to a record high"  +7.4% since last year  (98 straight months of year over year gains).
• Buyers are still "facing record low mortgage rates!"
• Mortgage applications are up. "shows buyers are ready!"