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Economic Outlook: June 26, 2020

Jun 26, 2020  | Ep4545

Existing Home Sales were off for the third consecutive month. The National Association of Realtors says May’s totals were down 9.7 percent, well below February’s 13-year peak.

New home transactions jumped 16.6 percent as parts of the country reopened after Covid-19 lockdowns were lifted. 

Orders for Durable Goods also leapt higher in May -- up 15.8 percent on items set to last three years or more. However, last month’s reading doesn’t erase the nearly 20 percent losses in both March and April.

 

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