National Home Sales Up 7.4 Percent in November
✉️ Want to forward this article? Click here.
The National Association of Realtors (NAR) today announced that national home sales activity hit an annually-adjusted 6.54 million units in November, the highest level since February 2007 when activity hovered around 6.55 million units.
NAR spokesperson Lawrence Yun said in a statement that the tax credit was a driving force:
“This clearly is a rush of first-time buyers not wanting to miss out on the tax credit, but there are many more potential buyers who can enter the market in the months ahead.”
While Yun also noted that this sales pace will drop off when sales are analyzed in December and the beginning of January, he said that a surge will likely return early next year as buyers try to buy before the tax credit expires at the end of April.
See other articles related to: dc area market trends, lawrence yun, national association of realtors
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/national_home_sales_up_7.4_percent_in_november/1626.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
The 67-room luxury hotel will be located at 3000 M Street NW, the site of the old Lat... read »
The eight-bedroom estate built by Banks Development along Chain Bridge Road will be l... read »
The new plans for the development along 11th Street continue to move forward.... read »
In the spring of 2023, the Arlington County Board voted unanimously to approve allowi... read »
- Understanding Rental Restrictions in Condominiums
- Jose Andres Group Partners On New Georgetown Hotel
- DC Home At Site Of Former Cafritz Mansion Set To List For $23.5 Million
- Plans Filed For 65-Unit Affordable Development In U Street Corridor
- Court Decision Overturns Missing Middle Ordinance in Arlington
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro