(NewsNation) — If you’re looking to buy or sell a home this year, it’s fair to wonder what kind of housing market you’ll be getting yourself into. The latest data shows some positive signs.

According to Redfin, pending home sales rose nearly 3% from November to December, marking the first month-to-month increase since October 2021. Year-over-year, home sales were still down almost 31%.

In the video above, real estate expert Ryan Stewman speaks about this year’s housing market outlook on “NewsNation Prime.”