Existing Home Sales Hit 14-Year High in 2020

Sales of existing homes totaled 5.64 million units last year, the highest since 2006. So reports CNBC.

According to the National Association of Realtors, December existing home sales rose 0.7% from the prior month to a seasonally adjusted annualized rate of 6.76 million units.

Lawrence Yun, NAR’s chief economist, said in a press release, “What’s even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market.”

Read the full article from CNBC. 

Source: themortgageleader.com