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| Existing-Home Sales Come Up Short |
| By RISMedia Staff |
Existing-home sales came up short in January, at their lowest in more than three years, the National Association of REALTORS® (NAR) reports. Sales decreased 3.2 percent to 5.38 million, a 4.8 percent decrease from one year prior. Inventory, however, increased 4.1 percent to 1.52 million—but remains 9.5 percent lower than one year prior. "The utter lack of sufficient housing supply and its influence on higher home prices muted overall sales activity in much of the U.S. last month," says Lawrence Yun, chief economist at NAR. "While the good news is that REALTORS® in most areas are saying buyer traffic is even stronger than the beginning of last year [according to the REALTORS® ...
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(TNS)—World events are conspiring to make it more expensive for you to borrow money to buy a house. Mortgage rates have increased for five
