Thursday, December 1, 2022 | The Latest Buzz for the Appraisal Industry

Existing-Home Sales Expected to Inch Upward in January

By Tory Barringer

In its latest look at resale data, NAR reported that the stock of available existing homes for sale was around 1.85 million in December, putting the national supply at 4.4 months at the current sales rate. Also challenging the housing market right now are stringent credit conditions, stagnant wages, and “lingering wariness about homeownership benefits,” said Auction.com’s chief economist, Peter Muoio.

The post Existing-Home Sales Expected to Inch Upward in January appeared first on DSNews.

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