Home sales were strong throughout 2020, with purchase applications up 42% in December 2020 compared to same period in 2019. These results are much better than many projected in early 2020, when the Covid Pandemic brought our nation to a standstill for months. The historically low mortgage interest rates in 2020 is the clear reason for the stellar home sales market performance.
The articles below provide additional details about the home purchase application results in 2020.
New Home Purchase Applications Remained Strong to Year’s End
December New Home Purchase Mortgage Applications Increased 42.2 Percent
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