Like any major market disruption, the COVID-19 pandemic has created its share of winners and the less fortunate across the real estate economy. Generally, the residential sector has outperformed many other industries; however, a closer look at moving behaviors has found that not all buying and selling is steady across the nation.
December hit another historic peak for existing-home sales, experiencing the highest level since 2006 after rising 0.7 percent from the previous month. According to the latest data from the National Association of REALTORS® (NAR), year-over-year, existing-home sales increased 22.2 percent.
This article first appeared in Real Estate magazine’s special-edition Women in Real Estate issue. View the entire issue here.
WAV Group’s Marilyn Wilson and Myra Jolivet