With new home sales data in for December, there were 239,000 more home sales (non-seasonally adjusted) for the full year than we saw in 2013, which makes 2015 the best year for home sales since 2007.
Existing-home sales increased 14.7 percent from the previous month to a seasonally adjusted annual rate of 5.46 million in December. New home sales rose 10.8 percent last month to a seasonally adjusted annual rate of 544,000 units.
For 2015, existing home sales were up 3 percent, and new home sales were up 16 percent compared to 2013 through December on a non-seasonally adjusted basis. During that time, Freddie Mac's home purchase volume increased by nearly 35 percent.
With mortgage rates looking very favorable right now, we expect home sales to carry this momentum forward in 2016.
Want to receive our weekly blog round up? Subscribe at the right - and each Friday we'll send you our latest blog posts.
Sign up to receive the latest news, tips, and insights from Freddie Mac.
Across all sectors in housing, we’re experiencing a technology transformation that is increasing velocity, reducing cost and improving quality. In fact, the pace of change throughout the mortgage process has been steadily accelerating, and that trajectory is likely to continue in years ahead.
Although this year’s Optigo conference looked a little different, over 1,800 multifamily professionals joined the Freddie Mac team online to talk about the year we’ve had and look forward to what lies ahead.
Freddie Mac delivered a strong third quarter performance while supporting the housing market and families affected by the pandemic.
As the COVID-19 pandemic continues Freddie Mac has worked closely with our servicers to provide affected homeowners with options to stay in their homes.