Home Sales <br />Rose in October, , on Track for Best <br />Year Since 2006.<br />The National Association of Realtors <br />reports October saw an 0.8% increase <br />in sales of previously-owned homes.<br />But they were <br />still 5.8% lower <br />than the same <br />time last year.<br />CNBC reports realtors are optimistic that full-year sales will surpass 6 million units, which would top the most sales since 2006.<br />Sales remain very strong and I would attribute that to continuing job additions, Lawrence Yun, chief economist for the National Association of Realtors, via CNBC.<br />Investors are also entering <br />the market at a rapid rate.<br />According to CNBC, they accounted for 17% of buyers in October, up from 14% during the same time period in 2020.<br />29% of first-time homebuyers contributed to sales as opposed to 32% last year.<br />CNBC reports that as of Nov. 19, the average 30-year fixed mortgage rate was 3.16%
