Despite lack of supply, existing home sales rise 6.7%
Housing Wire
FEBRUARY 18, 2022
from December and mortgage rates shot up 30 basis points. Homes went under contract in just 19 days on average, down from 21 a year ago. ” While homebuilders are getting closer to delivering new homes , they remain stymied by ongoing global supply chain issues. Sales of homes priced above $1 million were up 39%.
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