Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.
Home Supplies Plummet, Putting Pressure On Prices To Rise
According to the National Association of REALTORS®, seasonally-adjusted, annualized Existing Home Sales figures climbed by more than a half-million units in December as compared to November. It’s the 3rd straight month of home resale improvement nationwide.
Home Inventory Dwindles Into The New Year
Existing Home Sales jumped another 6 percent in November, the report’s third month of improvement since bottoming in July.
October Existing Home Sales : Buyers And Sellers In Balance
It’s encouraging that first-time and investment property buyers were both outnumbered by “move-up” buyers in October; buyers that have sold their respective homes in favor of larger ones.