Existing home sales are working from a historic low bar
Housing Wire
JANUARY 19, 2024
We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. in December to a seasonally adjusted annual rate of 3.78 From NAR : Existing-home sales waned 1.0% Sales faded 6.2% from the previous year.
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