Purchase

If employers maintain flexible working practices after lockdowns get lifted, housing preferences and subsequent property values could greatly change.

As the economic fallout from the novel coronavirus pandemic continues to widen, the Charlotte area housing market saw its largest drop in home sales last month in over a decade.

While overall mortgage application volume remained flat, purchase activity continued to rebound — and that should be the case through the remainder of the spring, according to the Mortgage Bankers Association.

Some real estate agents say there are signs the local housing market has started to rebound since late March, when efforts to reduce the spread of the virus led to stay-at-home orders in Austin and elsewhere.

Home prices fell slightly across Albuquerque, N.M., in April due to the COVID-19 pandemic, but the Greater Albuquerque Association of Realtors is optimistic the slowdown will be short-lived.

North Texas home sales slid in April as buyers sheltered in place from the pandemic.

The title insurer did not disclose the number of layoffs.

In a study of four metro areas, housing supply and demand gained momentum in the second half of April, even where the COVID-19 curve continued to grow.

It's unclear how the impact of coronavirus on the economy will change the Boise housing market, but it seems unlikely to bring more than a brief halt to the trends of rising prices and intensifying shortages of houses for people of ordinary means.

The number of home sales in the greater New Orleans area dropped sharply in April as the coronavirus pandemic locked down the economy, but prices mostly held steady as many sellers withdrew their properties and took a "wait-and-see" position amid the unprecedented market conditions.