Existing Homes Sales Soar To 14 Year High In 2020
Sales of previously owned homes rose last year to 5.64 million, the most since December 2006, the National Association of Realtors (NAR) said Friday. In 2019, 5.34 million homes were sold. In December, sales rose 0.7% from November to a seasonally adjusted annual rate of 6.76 million, topping the 6.55 million estimate of economists polled by Moody’s Analytics. The strong end to 2020 followed a plunge in the spring when pandemic-triggered lockdowns slowed the pace of buying....