Existing home sales increased to a 6 million annualized rate, the strongest pace since the end of 2006. The housing sector remains to be one of the major parts of the economic rebound fueled by low mortgage rates and people’s desire to move to the suburbs. On the flip side, the low inventory is expected to hit home sales soon if the labor market continues to falter. To know more about this, click here: https://www.bloomberg.com/news/articles/2020-09-22/u-s-existing-home-sales-increase-to-fastest-pace-since-2006