© Leigh Prather / Fotolia
Pending home sales were mostly unmoved in November, but did squeak out a minor gain both on a monthly and annualized basis.
While Realtors® still have concerns with the overall structure of the bill, fresh limits on the state and local tax deduction, and other changes, the final product is a significant improvement over previous iterations.
Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years. All major regions except for the West saw a significant hike in sales activity last month.
It is no longer just millennials propelling interest in walkable communities. Members of the silent or greatest generation, those born before 1944, also prefer smaller homes in neighborhoods with easy walks to shops and restaurants.
Despite steady job creation, record stock market gains and faster economic growth in recent months, new consumer findings show that a smaller share of households believe that now is a good time to buy or sell a home.