Ask an economist: Why did home sales go up in the middle of the coronavirus pandemic?

KYW In Depth: Coronavirus
Friday, May 29th
More than two million Americans newly filed for unemployment benefits last week, a staggering number on its own but just a percentage of the now more than 40 million people who have filed for unemployment since the start of the corohnavirus pandemic. Every Friday we ask David Fiorenza, Assistant Professor of Practice at the Villanova School of Business to help us tackle the economic news of the last week. Today we asked him about his analysis of the unemployment numbers, why home sales went up in April when everything else went down, his wish list for the next federal aid package, what the latest GDP revisions mean, and why it's a small win that the durable goods numbers were not quite as catastrophic as we thought.