Housing Demand Climbs as US Market Starts to Show Signs of Life

Housing Demand Climbs as US Market Starts to Show Signs of Life

Housing demand is beginning to present indicators of restoration, with pending gross sales of US houses rising for the primary time in additional than a 12 months, in accordance to new information from Redfin Corp. 

Pending gross sales climbed 2.9% in December on a seasonally adjusted foundation, the primary month-over-month enhance since October 2021, Redfin mentioned in a report Wednesday. Other measures of demand, together with information on the brokerage’s prospects requesting dwelling excursions and other people contacting the corporate’s brokers, are up from November.