Pending Home Sales Plunge, but Housing Market Shows Signs of Recovery

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Pending Home Sales Plunge, but Housing Market Shows Signs of Recovery
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Real-estate brokers and economists are already pointing to early signs that the housing market is on the rebound

Real-estate brokers, economists and some home buyers are looking beyond the pandemic-driven slump in home sales and seizing on signs that the housing market is strengthening

The U.S. economy contracted 5% in the first quarter of 2020. With the coronavirus crisis continuing into the summer, economists are expecting an even steeper contraction in the second quarter. WSJ's Carter McCall explains how GDP is calculated and how the coronavirus is impacting the equation. Photo Illustration: Jacob Reynolds/WSJ

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