The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. After posting a 6.5% month-over-month increase in January, existing home sales trended downward throughout the rest of the year.
In December, the seasonally adjusted sales pace for existing homes dropped 1.5% from November to a pace of 4.02 million, according to a report from the National Association of Realtors (NAR) released Friday. This is the 11th consecutive month of details ⇒
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