Sales of homes in the United States should have continued to rise in November, about 2% in the former and the new, according to the latest forecasts of Global Equities.
The research firm believes that the economic federation of U.S. realtors, NAR, will report next Tuesday a 2.5% increase in sales of existing homes, for a total of 6.25 million transactions in annualized - a record in nearly three years. Published Wednesday, the new home sales should show an increase of 2.2% to 440 000 transactions a highest since August 2008. On an annual basis, sales were up about 13% in the former, and nearly 38% in nine.
The U.S. housing market remains supported by the tax credit granted by the Obama administration as part of its recovery plan, first with only first-time buyers and recently extended to all purchasers.
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