TheNational Association of Realtors (NAR)just released their latestExisting Home Sales Reporton Friday. Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago.
While this is great news for the housing market, let’s take a look at one of the main reasons why there was such a large increase in sales.
As we explainedlast month, the implementation of the“Know Before You Owe”(TRID) initiative delayed some closings, pushing a portion of November's would-be transactions to close in December. READ MORE
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