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In this Real Estate News Brief for the week ending April 24th, 2021... new home sales blast off, existing home sales stall, and mortgage rates are doing what we like them to do! Economic News We begin with a slow week for economic news. There were no reports on the MarketWatch calendar from Monday through Wednesday. On Thursday, the weekly unemployment report showed there were fewer first-time filers. Those initial state claims were down about 12,000, to 574,000, while continuing claims fell by 34,000 to a seasonally adjusted 3.68 million. The total number of claims for eight state and federal programs is still quite high, at 17.4 million. New home sales blasted off this last week to their fastest pace since 2006. The Census Bureau reports that sales rose 20.7% month-over-month, to a seasonally-adjusted rate of 1.021 million homes. Inventory remained about the same, although it’s down 7% from where it was a year ago. Existing home sales didn’t do as well because of extremely low inventory. The National Associ