Despite lack of supply, existing home sales rise 6.7%
The supply of homes for sale fell to a record low, down 16.5% from a year ago February 18, 2022, 3:59 pm By James KleimannShare On Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% from the prior month to a seasonally adjusted annual rate of 6.5 million. January sales fell 2.3% from a […]
Pending home sales drop, but there’s a silver lining
COVID-19 vaccine, seasonal home sales should boost marketFebruary 25, 2021, 12:36 pm By Tim GlazeShare On It’s like the Yogi Berra quote – nobody goes there anymore, it’s too crowded. For the fifth consecutive month, U.S. pending home sales dipped – this time, down 2.8% in January from December, according to a report from the National Association of Realtors. And inventory shortages […]
Housing starts hit highest pace since 2006
By Tim Glaze Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. That’s up 27.8% from one year ago, a remarkable figure given the economic effects of the COVID-19 pandemic, per industry officials. “2020 will go down, quite […]
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