Annual Sales See Highest Level Since 2006
In an article recently published by the National Association of Realtors, existing-home sales rose 0.7% in December, making the annual sales see the highest level since 2006!
"Home sales rose in December, and for 2020 as a whole, we saw sales perform at their highest levels since 2006, despite the pandemic," said Lawrence Yun, NAR's chief economist. "What's even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market."
Yun predicts a continuation of the strong activity that's currently taking place in the housing market and in the overall economy.
"Although mortgage rates are projected to increase, they will continue to hover near record lows at around 3%," Yun said. "Moreover, expect economic conditions to improve with additional stimulus forthcoming and vaccine distribution already underway."
There seem to be more and more reasons why listing your home now is a great idea. Inventory is needed, and we have specialist waiting to help you.
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