What’s Next for the Overheated Housing Market?

Source: Housing Wire — 

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 million.Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride.