MMBBA News

SALES OF EXISTING HOMES UP 9.4%

10/23/2020

Read More ▶

HOGAN DRAWS $250 MILLION FROM RAINY DAY FUND TO HELP BUSINESSES STRUGGLING DUE TO CORONAVIRUS

10/23/2020

Read More ▶

Foreclosure and Eviction Stays are Extended

10/20/2020

Read More ▶

Update on Washington, D.C. AMC Bill

10/13/2020

Read More ▶

New Acknowledgment Forms Became Effective on October 1, 2020

10/05/2020

Read More ▶

ECONOMIC FORECAST SHOWS MD WEATHERING RECESSION

10/01/2020

Read More ▶

MARYLAND HOMEBUYING REMAINS BULLISH AND SOME BUY SIGHT UNSEEN

09/08/2020

Read More ▶

MD ADVOCATES WARN OF POSSIBLE LOOPHOLES IN NATIONAL EVICTION MORATORIUM

09/03/2020

Read More ▶

WHO IS YOUR LANDLORD? NEW PPP GUIDANCE FROM SBA MIGHT CHANGE YOUR FORGIVENESS CALCULATION

09/03/2020

Read More ▶

SALES OF EXISTING HOMES UP 9.4%

10/23/2020 11:04 am  /   Industry News

CHARLOTTE, N.C. — Sales of existing homes climbed 9.4% in September, the National Association of Realtors said Thursday, the latest sign that the housing market remains red hot despite the coronavirus pandemic.

On a seasonally adjusted rate, the selling pace of existing homes climbed to 6.54 million annualized units. That is the highest level for that metric since February 2006.

Housing inventory is at a record low as well, with only 2.7 months of home inventory on the market.

September is typically when home buying slows as the market enters the fall and winter. But because of the pandemic, the spring buying season was pushed into mid- to late summer.

 

Published in the Baltimore Sun