After five months of upswing, sales of existing homes were lower in November.

They lowered 2.5% month-to-month to a seasonally adjusted yearly rate; 6.69 million units. Sales were 25.8% higher YoY. 

The Federal Housing Administration has announced that Fannie Mae and Freddie Mac are extending the moratoriums on single-family foreclosures and real estate owned evictions until at least Jan. 31, 2021.

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Joe Biden beat donald trump. Biden is the nation’s 46th president, which brings an end to the elderly real estate developer’s tenure. What might Biden's victory mean for real estate?

2020 is a wild ride. We could only guess how the market would react, so as we near the end of the year, with the pandemic going strong, we can reflect on the progress we've made so far, and look at the trends that will continue into 2021.

Single-families, condos, co-ops, and townhomes had a median price of $274,500, which reflects a +7.8% YOY. The median price for single-family sales was $276,900, while condos pulled $255,400.

What does Biden's victory mean for the housing market?

 

The National Association of Realtors declared that 2020's housing market was certainly outperforming 2019's, expressing that home sales would end up being higher than last year's.

Learn how changes in FICO scores can help you acquire a new home!

Getting excited for a home purchase this 2020? read this post and set your goals to prevent forgetting any essential step needed for home buying.

You’ll find that agents are being encouraged, and in some firms even expected to grow their social media followings.