“US home sales on track for the best year since 2006”
November 23, 2021
“Despite low inventory and rising prices, home sales inched higher in October, marking a second straight month of growth, according to a report from the National Association of Realtors.Sales of existing homes, which include single-family homes, townhomes, condominiums and co-ops, rose 0.8% month-over-month. After slowing during the summer, sales reignited in September, which saw a 7% monthly increase…
Year-over-year, home sales were down 5.8% from October 2020, which marked the cyclical peak in the pandemic surge in home buying. NAR’s chief economist Lawrence Yun said this year’s sales are on track to surpass 6 million homes, which would be the strongest performance since 2006…”
https://www.cnn.com/2021/11/22/success/us-existing-home-sales-prices/index.html