Business
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
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…
