Although existing homes sales were down in December from the month before, the 2012 total was the highest in five years, according to the National Association of REALTORS®.
“Record-low mortgage interest rates clearly are helping many home buyers, but tight inventory and restrictive mortgage underwriting standards are limiting sales,” says Lawrence Yun, the NAR’s chief economist.
From RISMEDIA, Thursday, January 24, 2013— (MCT) | Read the article by Ruth Mantell