http://www.domresrealestate.com/wp-content/uploads/2015/02/5937-thumb.jpg 100 100 DomresRealEstate http://domresrealestate.com/wp-content/uploads/2014/10/domres_real_estate_blue_270.png DomresRealEstate2015-02-23 15:40:532015-02-23 15:40:53Home sales dip despite low mortgage rates; are prices too high? (Video)
Home sales dip despite low mortgage rates; are prices too high? (Video)
Sales of existing homes fell to an annual rate of 4.82 million in January, the lowest pace since last May.
That’s according to the National Association of Realtors, which reports that the Northeast and West saw the biggest declines in sales activity. January’s sales pace was down from 5.07 million in December.
“January housing data can be volatile because of seasonal influences, but low housing supply and the ongoing rise in home prices above the pace of inflation appeared to slow sales despite… …read more