We're essentially half way through 2016. How are we doing? So far, we're currently 147,000 home sales ahead of last year in June as you can see in our interactive housing tracker below.
Existing–home sales were up to their highest level in over 9 years to a seasonally adjusted annual rate of 5.57 million in June. This marked the fourth consecutive month of rising existing home sales, beating out analyst expectations. And new home sales hit their highest level in over 8 years at a seasonally adjusted annual rate of 592,000 units.
Currently existing home sales are up 0.1% and new home sales are down 34% compared to 2007 through June on a non–seasonally adjusted basis.
With six months behind us, and six more months of home sales data in front of us, we're still expecting the best home sales in a decade.
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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.