Hot Housing Market

On the most recent National Association of Realtors’ Existing Home Sales report, which measures contracts that were signed for existing homes purchased in a given month, increased by 3.6% in the month of December and by 10.8% from a year ago!  The sales pace is their best level since 2018.  The median average home price increased by 7.8% for December, which was reported at $274,500.  First time home buyers accounted for 31% of the purchases.  This is a very strong report as is, but it’s even more impressive because housing inventories are at their lowest levels on record. 

Housing Starts, which measure the beginning of new construction for a house, increased by 16.9% in December, representing a thirteen-year high.   Year over year housing starts are up over 40.8% for December.  When looking deeper into the report, we see that single-family home starts increased by 11.2% in December, which represents the highest gain in starts since 2007.   Multifamily home starts were up 32% in December and up by 74.6% for the year term.

These two reports give us some very encouraging signs that the housing market is continuing to be very stable and healthy.   


We Are Happy To Help” Call us at 855-LOANS-USA or visit us at