Corcoran Urban Real Estate

Real Estate Rebounded In 2015

Real Estate Rebounded In 2015

Real estate sales rebounded in 2015 with the country seeing the most home sales in 9 years.

Sales of existing homes climbed 14.7 percent in December to an annual rate of 5.46 million, according to the National Association of REALTORS®. This reflects a rebound from the introduction of new mortgage rules instituted late last year.

Americans bought about 5.26 million homes last year, a 6.5 percent increase over 2014 with a median sale price increase of 6.8 percent to $222,400.

Read more at the Chicago Tribune here.