Tuesday, April 21, 2020

Lawler: Las Vegas Home Sales Plunged in First Half of April

by Calculated Risk on 4/21/2020 01:27:00 PM

Housing economist Tom Lawler has been looking for high frequency data for housing.

Today, he sent me this story from the Las Vegas Review-Journal: Las Vegas housing market slows amid coronavirus turmoil

Lawler notes: According the above, net signed contracts for existing homes in the first half of April 2020 were down 57% from the comparable period of 2019 while net signed contracts for new homes in the first half of April of this year were down 79% from the comparable period of last year. (YOY gross sales contracts were down 47% for existing homes and down 60% for new homes).