Current Home Sales Higher than Expected
- Brown Harris Stevens
- Feb 24, 2023
- 1 min read
Existing home sales are down but new home sales surged beyond expectations. In her latest TV interview, Brown Harris Stevens CEO Bess Freedman gave a breakdown of the disconnect on CNBC.
"Housing is a long-term investment. You're not trading many times like you do with stocks ... even though rates are up, you can probably negotiate with the seller a bit more." — Bess Freedman
This number has increased significantly, possibly due to the change in housing needs uno online of customers, the trend of updating new designs instead of old houses.