Real Estate Sales picked up their pace in December, an indicator, according to real estate researchers CoreLogic-Data Quick, that bodes well for the market for the coming year.
A key element, will be if more people list their homes for sale this spring.
“One month doesn’t make a trend,” said Andrew LePage, a CoreLogic analyst, “but December’s uptick in home sales might indicate renewed interest in housing thanks to low mortgage rates and job growth. If demand continues we’ll need more supply to keep up with it. One of the big questions hanging over the housing market is whether high demand and home values will lead to a lot more people listing their homes for sale.”