Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
( Kitco News ) – The U.S. housing market continues to be a bright spot in the U.S. economy as more consumers are buying homes according to the latest data from the National Association of Realtors (NAR).
Thursday, the NAR said Existing home sales increased 4.3%% last month to a seasonally adjusted and annualized rate of 6.85 million units, compared to September’s annualized rate of 6.54 million homes. Economists were expecting to see a sales rate of 6.45 million homes.
For the year home sales are up a whopping 26.6%, the report said."Considering that we remain in a period of stubbornly high unemployment relative to pre-pandemic levels, the housing sector has performed remarkably well this year," said Lawrence Yun, […]
November 20, 2020 (updated November 20, 2020) Published by StockMan