As the economy reopened in June, home sales followed as the always important summer home-buying season got hot despite the ongoing uncertainty of the COVID pandemic.
The COVID-19 pandemic and subsequent shutdown of the economy continued to pound the housing market, with the largest annual drop in sales since November 2007.
COVID slammed the door on home sales in April, with the largest month-to-month drop in more than 40 years.
California’s once-strong housing market showed much weakness in March, as the coronavirus prompted a double-digit decline in sales, the first time in more than nine years.
Some dramatic efforts could help millions of Californians avoid evictions and foreclosures as they shelter in place to reduce the risk of COVID-19.