Purchase

First American's Loan Application Defect Index is higher on a month-to-month basis for the first time since February 2019.

The growing pandemic caused Texas home sales to drop to the lowest level in eight years in May.

Contract signings to purchase previously owned homes surged in May by the most on record as mortgage rates fell and some states began to reopen from coronavirus lockdowns.

Sales of homes for May were down in Butler County and the Greater Cincinnati area, a trend that was anticipated due to the Ohio stay-at-home order.

Home sales plunged 70% in May in the wake of the COVID-19 pandemic — the largest drop in the country, according to the Remax National Housing report.

Sales of single-family existing homes in Maine fell by a staggering 21.3% in May from a year earlier, nearly matching the most recent comparable one-year decline of 21.4% following the Great Recession, in June 2011.

Home sales in May fell sharply in Flagler and Volusia counties in Florida as the coronavirus pandemic continued to put a damper on the local real estate market.

But the coronavirus put a hold on the market in April and remains an overhanging cloud for the future.

Central Ohio home sales fell 21% in May compared with the previous year, but climbed a bit from a horrific April, as the real estate industry continues to wrestle through coronavirus.

The shutdown imposed by the coronavirus pandemic may have caused an abrupt drop in the real estate business, but early indications show the recovery will come just as quickly.