Existing-Home Sales: A Dim End to a Bright Year

Existing-home sales in December dimmed, but, for the year, were at a record not seen in 11 years, the National Association of REALTORS® (NAR) reports.
Existing-home sales in December totaled 5.57 million, a 3.6 percent decrease from November, but a 1.1 percent increase from one year prior. Inventory decreased 11.4 percent to 1.48 million, 10.3 percent lower than one year prior.“Existing sales concluded the year on a softer note, but they were guided higher these last 12 months by a mul