Home Sales in January Jump Nearly 7 Percent, Economy Slows. 4 Key Things to Know

By |2022-04-28T00:26:51-04:00May 16th, 2022|Categories: Potential Markets, Real Estate, Selling|Tags: , , |0 Comments

A February article published in The Balance, a website that centers on personal finance, reported that home sales in January rose sharply even as the U.S. economy slowed down. Here are four highlights to know. January's Home Sales Increase Surprises Forecasters Home sales rose 6.7 percent in January—a sharp increase from a 3.8 percent decline the previous month, and the highest annualized sales pace in a year. The rise came at the surprise of market forecasters who had anticipated a decline, according to the National Association of Realtors. January Saw the Lowest Home Inventory in Decades Amid persistently-low home inventory and