Number of the Day: Spotlight on Rising U.S. Home Sales
Our take on the most relevant or interesting figure in personal finance today
That’s how many years it’s been since monthly U.S. home sales were as high as they were in August.
Sales of existing homes rose to a seasonally adjusted annual rate of 6 million in August—the highest since December 2006, the National Association of Realtors (NAR) reported Tuesday. Fueled by ultra-low mortgage rates and more people working from home, it was the third straight month of gains (with increases in June and July representing record gains).
Thinking about selling your home? Now may be a good time. The current supply of available homes is the smallest it’s been since NAR began tracking it in the early 1980s.
National Association of Realtors. "Existing-Home Sales Hit Highest Level Since December 2006." Accessed Sept. 22, 2020.