2016 existing-home sales were the best in a decade, even as sales declined in December due to high prices and historically low supply levels.
Lower costs are coming for homebuyers seeking a Federal Housing Administration-insured mortgage.
Pending home sales fell to their lowest levels in nearly a year as the brisk rise in mortgage rates and low inventory discouraged would-be buyers.
After 36 years of service, NAR CEO Dale Stinton will retire in 2017. An executive search firm has been retained to find Stinton’s replacement.
A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month.