The “best of times and worst of times” scenario continues in the American residential real estate market, with sales surging amidst an epic pandemic that’s surging itself.
We all know about the pandemic, so let’s focus on the good news here: The National Association of Realtors (NAR) announced home sales and prices continue to soar, with gains posted in every region of the country. And Freddie Mac (OTCMKTS: FMCC) said mortgage rates have hit a record low once again.
All that was after earlier this week, the Census Bureau reported single-family starts at their highest rates since 2007, and the National Association of Home Builders (NAHB) reported record-high builder confidence.
Sales and prices keep rising as supply meets demand
The NAR said October’s existing-home sales
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