July 23, 2020 / Residential

Strong Housing Growth

“Sales of previously owned homes rose 20.7% in June over the prior month to a seasonally adjusted annual rate of 4.72 million, according to data from the National Association of Realtors released Wednesday, the biggest monthly increase on record going back to 1968. The surge in existing-home sales follows other recent bullish indicators such as rising new-home sales, robust home-builder activity and a flood of mortgage applications.”

Source: https://www.wsj.com/articles/u-s-existing-home-sales-rose-20-7-in-june-11595426758

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