More Trump Economy: October Existing Home Sales See Large Annual Gain Despite Short Supply And Higher Prices

(Washington, DC) — A short supply and higher prices aren’t keeping Americans from buying homes. A new report from the National Association of Realtors shows the sale of existing homes rose four-point-three percent in October compared to September, and 26-point-6 percent annually. Sales could have been stronger if there were more homes for sale, as there were almost 20-percent less homes on the market this October compared to October 20-19. The median price of homes sold in October was 313-thousand, the highest ever recorded and reflects the strong sales on the higher end of the market.

Kyle Norris Copyright © 2020 TTWN Media Networks Inc.