Low rates and rising inventories boosts home sales

November 21, 2014

MarketWatch reports that home sales in October rose to the fastest pace in a year. Analysts attribute it to cheaper mortgages and growing inventories.

 

Chief Economist of the NAR Lawrence Yun told MarketWatch: “Buyers continue to be encouraged by interest rates at lows not seen since last summer, improving levels of inventory and stabilizing price growth.”

 

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