Wednesday, May 12

Existing Household Revenue Increase In 2020 To Highest In 14 Decades

Existing Household Revenue Increase In 2020 To Highest In 14 Decades


WASHINGTON: Gross sales of existing households rose .7% in December, pushing the entirety of 2020 to a speed not noticed in 14 a long time and offering one particular of the couple shiny places for a U.S. economic climate mired in a international pandemic.

Climbing profits in the ultimate thirty day period of the yr lifted exercise to a seasonally altered annual price of 6.76 million models, the Countrywide Association of Realtors documented Friday.

Gross sales rose to 6.48 million in 2020, the greatest amount because 2006 at the peak of the housing increase.

The median product sales price ranges was $309,800 in December, up 12.9% from a 12 months back.

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