US Existing Home Sales Experience a Significant Uptick

In an encouraging sign for the economy, existing home sales in the United States saw a notable increase of 2.2% in December, as reported by the National Association of Realtors (NAR). This surge brought the seasonally adjusted annual rate to an impressive 4.38 million units.

On an annual basis, the growth was even more remarkable, with sales advancing by 9.3%. This represents the highest figure recorded since June 2021, signaling a robust recovery in the housing market.

Stay tuned for more updates on this developing story...