WASHINGTON (AP) — Sales of existing homes rose 0.7% in December, pushing the entirety of 2020 to a pace not seen in 14 years and providing one of the few bright spots for a U.S. economy mired in a global pandemic.
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Rising sales in the final month of the year lifted activity to a seasonally adjusted annual rate of 6.76 million units, the National Association of Realtors reported Friday.
Sales rose to 6.48 million in 2020, the highest level since 2006 at the height of the housing boom.
The median sales prices was $309,800 in December, up 12.9% from a year ago.
They will rise much much more, America needs and will get in the next 8 years 30-40 million immigrants. Unemployment supposed to be very high and signs everywhere workers wanted. No one wants to work when gets more money to stay home. We have to thank Trump for agreeing with the Dems about the $2000.00 for every American and the $600.00/weekly UI in addition to the State UI.