Housing isn’t as doomed as it may seem

By Logan Mohtashami | HousingWire

The housing reports for March that will be public in April hang in purgatory as strange hybrids of data from before the coronavirus and after the disease shut down the U.S. economy.  

For this reason, the next existing home sales report from March will not tell you the current story for housing.

When the coronavirus attacked the U.S. economy, we had been enjoying the longest job and economic expansion ever recorded in history.  Purchase application data had been on an upswing of double-digit growth year over year until March 18. 

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