Existing Home Sales Expected to Hit Highest Level Since 2006
The National Association of Realtors announced on Thursday that the total number of existing home sales in 2015 is expected to reach the highest level we’ve seen since 2006.
“There is a sizeable pent up demand,” said Lawrence Yun, the NAR’s chief economist.
According to Yun, we should expect to see approximately 5.3 million existing homes sold by the end of this year, which would be a significant jump from 4.9 million in 2014. Additionally, it would be the first time in nearly a decade that the number has surpassed 5.0 million.
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