Remember February? When restaurants were open, and businesses were fully functional?
Well, it just so happens, that U.S. housing sales almost reached a 13-year high.
As Crain’s New York reports, single-family homes sales “eased 4.4% to a $765,000 annualized pace,” which surpassed the median estimate in a survey conducted by Bloomberg. The median selling price was 7.8% higher than the prior year, and hit a record of $345,900.
But now that our world is topsy-turvy, housing is set to drop “after enjoying low lending rates, steady job growth and elevated consumer confidence at the start of the year,” Crain’s noted.
Think we’ll recover anytime soon?
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To read the full story in Crain’s New York, click here: https://www.crainsnewyork.com/real-estate/new-home-sales-held-february-prior-disruptions
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