Home Sales

Existing-Home Sales Defy COVID’s Economic Impact, Jump Again in December

Existing-home sales were at a seasonally-adjusted annual rate of 6.76 million in December, an increase of 07.% compared with November and up 22.2% compared with December 2019, according to the National Association of Realtors (NAR). It was the highest annual rate for existing-home sale since 2006, NAR says. Regionally, and on a month-over-month basis, existing-home sales were up 4.5% in …

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Redfin: ‘December Housing Market Felt More Like Spring Than Winter’

According to a new report from Redfin, the national median home-sale price rose 13% year over year to $334,300 in December, as home-buying demand stayed strong during the run-up to the holidays. Closed home sales were up 16% from a year earlier, and pending sales were up 35%, according to Redfin. New listings were up just 14%. “The December housing market felt more like …

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Why Are Americans Putting Off Selling Their Homes?

The competition among homebuyers is intense and home prices have been soaring in recent months. The cause of this heated competition and rising prices is the short supply of homes for sale. This lack of inventory has been prevalent across the country since COVID-19. New data from a Zillow survey shows how the pandemic may … The post Why Are …

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