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U.S. Existing-Home Sales Reach Highest Level in 14 Years – The Wall Street Journal

Ultralow interest rates, remote work during the coronavirus pandemic increased homebuying demand



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Sales of previously owned homes rose in 2020 to the highest level since 2006, as ultralow interest rates and remote work during the pandemic increased homebuying demand.
Existing-home sales rose 0.7% in December from November to a seasonally adjusted annual rate of 6.76 million, the National Association of Realtors said Friday. The December sales marked a 22% increase from a year earlier.
Existing-home sales totaled 5.64 million in 2020, up 5.6% from 2019 and the highest level since the 2006 pace…

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