Homebuyers Scramble in Year-End Spree

Homebuyers are scrambling in a year-end spree to snap up inventory, with for-sale homes moving 5 percent faster than this time last year, according to a data preview from realtor.com®.
“We saw evidence of a stronger-than-normal off-season in September and October due to pent-up demand and surging interest from first-time buyers,” says Jonathan Smoke, chief economist of realtor.com. “Since the election, demand seems to have intensified, possibly in reaction to a jump in mort