USA: Declining sales in old real estate in December


Sales in old real estate fell in December in the United States, which did not prevent them from reaching their highest levels since 2006 last year, the National Federation of Realtors (NAR) announced on Thursday.

At 6.18 million units on an annualized basis, the statistics fell by 4.6% compared to November, while economists were anticipating a small increase to 6.50 million units.

Over the whole of the 2021 financial year, sales increased by 8.5% to 6.12 million, which is a new high since 2006.

“Sales fell in December, but their decline corresponds more to problems related to the supply of goods than to a weakening of the demand for real estate,” underlined Lawrence Yun, the chief economist of the NAR.

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