Sales of previously owned homes bumped up in November to their highest rate since 2007, according to a report out on Wednesday from the National Association of Realtors. You might expect rising mortgage rates would goose sales all the more in coming months, if buyers want to lock in purchases before rates climb too high. But some economists are skeptical about how much sales will pick up.
Click the audio player above for the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.