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| Sponsored by Pillar to Post |
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| Deep Dive for Existing-Home Sales, Falling 6.4 Percent |
| By RISMedia Staff |
After gaining ground in November and October, existing-home sales fell last month, dropping 6.4 percent to 4.99 million, the National Association of REALTORS® (NAR) reports. On an annual basis, sales toppled 10.3 percent. Inventory month-to-month slid, as well, but has improved since last year, according to NAR. December inventory was 1.55 million, down from 1.74 million in November but up from 1.46 million in December 2017. "The housing market is obviously very sensitive to mortgage rates," says Lawrence Yun, chief economist at NAR. "Softer sales in December reflected consumer search processes and contract signing activity in previous months when mortgage rates were ...
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Winter is not just the season that ends the year; it's also the season that makes the transition into a new one!
