Existing-Home Sales Skyrocket Toward 11-Year High

Existing-home sales in November skyrocketed to a spree not seen in more than 10 years, the National Association of REALTORS® (NAR) reports.
Existing-home sales totaled 5.81 million, a 5.6 percent increase from October and a 3.8 percent increase from one year prior. Inventory decreased 7.2 percent to 1.67 million, 9.7 percent below one year prior.
“Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a hom