General World News

South poised to see $1 trillion in home sales in 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales.

How much will be spent on homes? Officials are predicting sale numbers to easily eclipse $1 trillion by years end.

Redfin projected $2.53 trillion in home sales this year, a 17% increase year over year — the largest annual percentage increase since 2013, and a number that, if reached, would be a record high.

For perspective, $2.5 trillion is roughly equal to France’s 2020 gross details ⇒

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